CLASS RACER FORUM - View Single Post

Another Friendly Racer · 11-28-2015, 01:20 PM

I don't think it is reasonable to suggest oil may be $138 come spring. You probably won't see oil above $100 per barrel for many, many years now that opec can't artificially adjust the price since they no longer control enough of the supply percentage to do so. Many top oil ceo's outline that they are preparing for another 25% drop off.

11-28-2015, 01:20 PM	#4
Another Friendly Racer Member Join Date: Feb 2002 Posts: 147 Likes: 0 Liked 11 Times in 3 Posts	Re: Gas Prices I don't think it is reasonable to suggest oil may be $138 come spring. You probably won't see oil above $100 per barrel for many, many years now that opec can't artificially adjust the price since they no longer control enough of the supply percentage to do so. Many top oil ceo's outline that they are preparing for another 25% drop off.