Dear God,
Please let Mr. Forbes be correct.
thanks,
Mike
"12 months, you're going to see oil down to 35-40 US dollars a barrel."
and 36 months after that you may and I stress may see gas drop to $2.00 a gallon.
Ditto that sentiment.
I'd bet money that Forbes is correct. The price increase from 30 to 70 doesn't make sense in the time frame mentioned.
If 30 was a market price 2 years ago, and it's more than double that today, then where is the great new need that wasn't there then, but is here today?
Mr. Forbes was my choice for President TWICE!
Mr. Forbes is correct, the price of oil does not remotely match fundamental facts.. its futures manipulation by the same folks that brought you the tech bubble.