Oil will be around $30 a barrel by the end of 2005.
1. Because they are not pumping $30 a barrel oil. 2. Because that is where Oil started before the inflation started. 3. Because the Fed is going to run Interest Rates up until there is a signifigant signal in the economy that shows enough pain to stop the Interest Rate hikes. That will cause the dollar to recoupe about 30-50% of its losses driving the markets down. 4. Because OPEC has no real control over the Oil market anymore. 5. Because China and Russia are trying to takeover at least 50% of the energy marketshare.