01-12-2015, 03:40 PM
Yes I agree. It will rise either by consumption or by lowering production. Unless of course we enter some great recession again.
A couple of interesting things to look out for though. Keystone pipeline will increase production. Also at some point Russia is going to pull its head out of its ass, and play nice with the world. At which point you will see a production increase and anotyher drop in price. Russia is hurtng right now, and most of thier economy is based on oil. The sanctions are have a huge impact. Once lifted they will flood the network with oil. count on it..
A couple of interesting things to look out for though. Keystone pipeline will increase production. Also at some point Russia is going to pull its head out of its ass, and play nice with the world. At which point you will see a production increase and anotyher drop in price. Russia is hurtng right now, and most of thier economy is based on oil. The sanctions are have a huge impact. Once lifted they will flood the network with oil. count on it..
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
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"If you want to change the world, be that change."
--Gandhi