BelaOthello

Roger Wiegand: Oil to Reach New Highs by Year-End

BRAVO!!!!


On Oct 10 12:42 PM akapital wrote:

> i am not in the business of making predictions but for those expecting
> further drop in oil consider that the costs to extract oil continues
> to increase such that lower prices can affect supply. In short, just
> as high prices elicit demand destruction, low prices elicit supply
> destruction. Perhaps coming weeks we'll find a balance. It's probably
> closer to $90-100.