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Oil Prices Lower Forever? Hard Times In A Failing Global Economy

stander
stander
in Oil, Gas and Energy News

Featured Replies

Two years into the global oil-price collapse, it seems unlikely that prices will return to sustained levels above $70 per barrel any time soon or perhaps, ever. That is because the global economy is exhausted.

The current oil-price rally is over as I predicted several months ago and prices are heading toward $40 per barrel.

Oil has been re-valued to affordable levels based on the real value of money. The market now accepts the erroneous producer claims of profitability below the cost of production and has adjusted expectations accordingly. Be careful of what you ask for.

http://www.oilvoice.com/n/Oil-Prices-Lower-Forever-Hard-Times-In-A-Failing-Global-Economy/02565fd74cba.aspx

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