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re: Crude below $50
Posted on 1/5/15 at 4:43 pm to Tiger Ryno
Posted on 1/5/15 at 4:43 pm to Tiger Ryno
no way this downturn last 2 years. 9 months tops. Price of oil will start creeping back up by the end of March. 
1
Posted on 1/6/15 at 2:40 pm to tgrbaitn08
quote:
no way this downturn last 2 years. 9 months tops. Price of oil will start creeping back up by the end of March.
I tend to agree and I hope you're correct. It isn't as if "normal" market forces are what is driving the price down, but then again I'm sure the Saudis can keep this up for as long as they want. What I think will happen is that a war will begin in the middle east some time in the first or second quarter of this year, and you will see Oil climb back up to $90-100/bbl. Sad to say, but if I were a betting man that's where my money would be.
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