do you really believe oil will stay at $60.00 a bbl
I think it’s like a oil analyst suggested about a week ago...it’s in for a cycle-type episode. $60 (maybe even down to mid-40’s) is around for 2015, but will start to go back up to $80 to $100 by end of 2016....then the frackers will turn up the production again, and it’ll move back down to $60 by 2018.
All of this hurts OPEC greatly, and harms the Russians in having a stable economy. It hurts the frackers too, I admit. But it’s capitalism at work.