What's your ETA for $40/barrel?
""What's your ETA for $40/barrel?""
2008 or 2009...there need to be demand destruction and more supplies.
supplies are slow to come online becasue oil companies got so badly burned in 1986 and 1998 when prices crashed...the fact that capital spending in the oil patch is slow to ramp up is a sign that oil companies know that most of this is peculation