Replies to post #68164 on Magic

[MWM]

All this stuff I’ve been reading about alt energy coming in, I can’t imagine oil really heading that high.

I think opec is very aware that if they let oil run too hard again that it will lead to another crash which in turn will destabilize even more country’s. I think it seems to me like OPEC is happy at these levels and will slow down any upward or downward momentum. I think we are in the sweet spot for a while.

Now I have no idea if that is good enough for the momo to continue in these little oil plays, my guess is they need oil even higher esp WTI