The Rising Influence of Rising Affluence

[OakesCS]

I suspect the man is correct. I agree with Biotech researcher and jbog's points about disruption of us production and dollar strength as contributors. I think there are additional contributors such as US govt willingness to take some short term pain to punish Russia. The current administration isn't exactly a fan of the oil industry so it's not a stretch. In addition, the Sunni producers are trying undercut Iran and Iraq as well as preserve market share from Russia. It's a perfect storm for lower prices but I do think it will be short term (1-2 yrs max) and the back swing will be equally violent.