parky

Oil: $20 a Barrel? Or $200?

NOW THAT THE EXPERTS HAVE SPOKEN, PERHAPS SOME COMMON SENSE SHOULD BE ADDED. WITH SOMEWHERE AROUND 2.5 BILLION CHINESE AND INDIANS TRANSITIONING FROM BICYCLES AND MOTOR SCOOTERS TO AUTOMOBILES IT WOULD SEEM THAT OIL CONSUMPTION WOULD CONTINUE TO TREND UPWARD FOR SOME TIME. IN ADDITION A DISRUPTION OF PRODUCTION FROM THE MIDDLE EAST IS ALWAYS HANGING ON THE HORIZION. ONLY BEEN IN THE MARKET FOR 40 YEARS BUT I'LL VOTE FOR FURTHER INCREASES IN OIL PRICES OVER THE NEXT COUPLE OF DECADES - PROBABLY SUBSTANTIAL.