Thanks Oakes. You made the author of that article sound like a novice. My motive is trying to get a handle energy in general. It was just 15 years ago that oil was below $20. With all the cross currents, oil would fall if population stayed the same and under developed countries stayed under developed, but that won't happen. I doubt the political's will let gas fall at the pumps for conservation and tax purposes, but I am trying to figure out if an investor could make a lot of money in coming years factoring in crude oil prices falling. A lot of headwinds have popped up in the past 15 years, NG the main one, but alternative energy, better gas mileage cars, etc. I am undecided, lol.
The article below got me thinking and the line in it, "Denmark, for instance, is on track to obtain 50% of its electricity from off shore wind turbines by 2022" really got my attention. Oakes, what is you forecast for oil 5 years from now? Do worry, I won't hold you to it.
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