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1977°C
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I agree only with 10-20$ Oil as 40-75$ that you project seems weird long term.You all forgot that in 1997 Oil was 10-15$ and nobody cared, then in 2008 many WORLD'S TOP ANALYST were predicting 250$ in a matter of days and we all witnessed where it all finished, sorry, it is not over yet.
Jan 06 10:30 am
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All Comments by 1977°C »Crudomania Is Over [View article]
I promise all of you, that till 2015 we will hit 9$ a barrell.
Yeah, Oil is now 50$ and I make money both buying/selling it day by day, but I would never buy December 2017 Crude Oil at 80$, the market traders of all kind predict such a price for 2017 and I have no idea how they come into this 60% above now price call, but may I remind you that in 1999 longest dated futures then for December 2008 were tading, well at around 20-25$.