"They are starting to pull it out of the ground in Canada, where most of it seems to be, but no one is predicting it will cost $30 a barrel."
I listened to the mantra of the petro salesmen in the 70's saying we are running out - its starting to sound like the Stones saying this is their "farewell tour".
I'll say with confidance that it will see $20 again. And yes - Alberta has enough oil for us for the next 100 plus years - and then there's the US shale oil deposits.
"I'll say with confidance that it will see $20 again."
Sounds good. But you know Russia and Iran will be keeping the price up as long as they can by doing bad things---maybe a long time! And we can suspect the Saudis may be helping as long as they can hide it.