Skip to comments.Oil Fundamentals Could Cause Oil Prices To Fall, Fast.
Posted on 03/08/2016 1:53:07 PM PST by bananaman22
Oil prices should fall, possibly hard, in coming weeks. That is because fundamentals do not support the present price.
Prices should fall to around $30 once the empty nature of an OPEC-plus-Russia production freeze is understood. A return to the grim reality of over-supply and the weakness of the world economy could push prices well into the $20s.
A Production Freeze Will Not Reduce The Supply Surplus
An OPEC-plus-Russia production cut would be a great step toward re-establishing oil-market balance. I believe that will happen later in 2016 but is not on the table today.
(Excerpt) Read more at oilprice.com ...
It’s hard to make predictions, especially about the future.
Well the slightest glimmer of news (supposed Russian/Saudi “understanding”) has certainly sent the price of oil rocketing up. And, as we all know, the day the futures prices goes up you can expect the price at the pump to skyrocket. But as it drops, pump prices feather down.
I’d still buy bulk silver coins, bags and bars at my local coin dealer!
This is true. And you could add that for some (and all liberals) it is just as hard to make predictions about the past.
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