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phloyd

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phloyd

Re: cookboy post# 70016

Monday, 12/21/2009 9:41:02 AM

Monday, December 21, 2009 9:41:02 AM

Post# of 111729
Don't underestimate the impact of OPEC and Russia's struggles with it's former states to move that NatGas.

In addition, there will continue to be a significant increase in the number of cars in China putting further demand strains on oil production.

How will the Saudi or Iraqi governments run on $30 bbl oil when they are used to the prices now? Some oil rich Arab states are experiencing the same economic hardship other countries are. They will look to oil to bail them out.

A lot of unknowns to predict $30 bbl oil in the near future.
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