Welcome. Nice read there. I am a huge fan of following oil prices and post frequently on crude oil stories on CNBC's site and a few others. I agree with your article and as I wrote yesterday, there is no way that the production cut announced yesterday will bring back $80 and $125 price per barrel oil again. Those days are long gone and other countries need to accept that. They cut and we ramp up shale production and in the end there will again be more supply out there than there is demand thus IMO $50-60 oil is about tops IMO.
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