MR CC

How Long Will The Price of Oil Remain This Low?

Just an opinion. Oil pries will go down to the $30 range for a brief period, slowly rise to $60 stabilize for a while and again rise to $80-90 before December next year. There will be a bit of a roller coaster ride involved in that time period. The price of oil will continue to rise in 2010. The price will again stabilize to the $100-110 dollar range then creep up $10 a month until the $140-150 range then again stabilize until 2011. I suspect the sky is the limit after that possibly over the $200 range. Foreign economies will stabilize much faster then the US economy and resume massive growth. The US economy will be left in the dust for a few years and may never fully recover. US demand will not mean much to the overall price of oil. The past is the past, this is new ground and we have serious competition. Enjoy the cheap gas while you can.