Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Good to read all your excellent input on the subject.
Yes, I also concur with a 1-3 yr outlook for crude in the $11-15/bbl price range.
I simply base my opinion on 1 simple fundamental:
global supply is (and remains)higher than global demand.This surplus of crude is simply not going away because:
- all OPEC members cheat and want to produce full out;
- demand growth is slow, and with Asian crisis, Japan
now in recession, and potentially US economy slowing
down, the demand growth( barrels/day consumption )

The political and religious factors, true and real, are not substantially changing this supply/demand picture, UNLESS of course a M.East war brakes out or the Iran local situation gets out of hand and Persian Gulf tensions dictate the crude sentiments.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.