None other than Iranian officials ( and other experts ) predicted oil as high as $120 barrel because of unrest in Africa, the mideast, South America's nationalism, terrorism and Iran's nuclear brinkmanship.
quote " piece by piece, the global energy puzzle reveals a bleak horizon for a world frantically searching for ssecure oil and gas supplies".
Yup...I think this oil price meltdown is temporary, and, with summer vacations coming to North America, price will be heading up.
Go FPPL !
I owe to smoking (cigars), more or less,
Through life the whole of my success;
With my cigar I'm sage and wise -
Without, I'm dull as cloudy skies !
Light up a stogie today !!
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