Cardinal Energy Ltd (Alberta) T.CJ

$200 oil???

[UltraTired]

With oil bouncing around the $85 - $86 mark, there is some rumblings of $200 oil? Is that even possible??

[traderbri]

Yes, $200 oil is possible but it would need a total meltdown in the middle east. Nothing to wish for as the rest of the world be in chaos everyone at each others throats.

[bows333]

A mid-range gold forecast for end of the year, from three of the bigger US financial institutions (Goldman Sachs, BofA, and Chase, if I recall correctly) is roughly $3,200. The gold to oil relationship historically averages 16 to 1, with a range of 10-30 to 1. If history is any guide, oil at the end of this year will be as follows: $107 (cheap) $200 (long-term average normal) $320 (expensive) Why