When will oil prices go back up
Discussion in 'Oilfield Trucking Forum' started by Luke628, Feb 7, 2016.
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BentleyB, AlexFromMD, rabbiporkchop and 5 others Thank this.
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Never.
& that Obama tax on oil. I bet that's big oil wanting superficially raise price because they're supposedly defaulting on their debtsLast edited: Feb 7, 2016
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One of my investment news letters said two years ago that it would go down to $23. It hit $26 and change recently. Maybe $50-60 in a year or two. But who really knows.
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Not for a long time now that they lifted the Iran embargo. Iran says that they will get back at the Saudis, get ready for the price war's.
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I wouldn't expect the price to rise for another year or two because any longer and the Saudis will be causing more damage to themselves than the US markets. -
When Putin is not gonna be president anymore
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Sanctions lifted in the middle East on Iran gives the world an additional 1 million barrels a day. Don't help prices at all.
Straight Stacks and Luke628 Thank this. -
The Saudis break even at $15 a barrel. Don't expect a significant rise in prices for at least a year.
rabbiporkchop Thanks this. -
They say booms don't last forever, but bust don't last forever either. Don't think we'll see $100 a barrel anytime soon. But would be happy if it at least got back to the $50 range this year.
rabbiporkchop Thanks this.
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