What concerns me is the fact oil is at 68 now. The supply is huge, demand is down, and the economy has not yet rebounded. To me if its at 68 now, if and when the economy does rebound or even shows signs of a meaningful recovery, oil will skyrocket to 200 plus.
$25 Oil Could Happen Before a Return to $100 [View article]
At $25.00 a barrell , they will stop pumping it out of the ground. They can't afford to. Then supply will dry up and boom!...Prices will skyrocket. I see $100.00 oil within three years.
Noticed the Oil Backup? [View article]
$25 Oil Could Happen Before a Return to $100 [View article]