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richbob

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richbob

Re: greendolphin11 post# 7734

Tuesday, 02/03/2015 5:41:15 PM

Tuesday, February 03, 2015 5:41:15 PM

Post# of 15432
I wouldn't bet on crude going up that high. By the time it goes above $70-80 or thereabouts, the US should be ready to spring up fracking production again, and if that increases as fast as we think it may, it should tend to keep WTI somewhere near $100 if not a little below, even as we begin shipping offshore( both oil and LNG)!
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