Quote:
Originally Posted by CRS
I'd like to take things that won't happen for $500, Alex.
The globe is FLOODED with oil (especially with Iran now able to sell to global markets). There is no chance that oil will be back up to $50. |
Never say never.
Just because Iran is pumping out a bunch of oil now doesn't mean they will continue to do so forever. Maybe they are like the Saudis, just keep pumping that stuff out to bankrupt the Global companies then decrease output, thereby, raising prices?
I also don't see 50/bbl, but then again, how many foresaw 142 bbl last time around?