The Rising Influence of Rising Affluence

[OakesCS]

The biggest reason Goehring and Rozencwajg expect to see $100 WTI and Brent crude-oil prices in the first quarter of 2018 lies in their analysis of data from the International Energy Agency.

that in itself is a scary basis for the thesis. The supply-demand differential cited in the IEA data are miniscule compared to the available capacity.

throw in the kind of unpleasantness involving N. Korea that biotech_researcher alluded to and oil prices (and everything else) would plummet. Nothing like a nutcase with nuclear weapons capable submarines to make a lot of people nervous.

I wont be shocked if oil prices double over the course of 1 yr but i dont think it'll be in the next year.