RE:Re:re:re: oil to hit 185.00 / experts sayI've heard $300/wti as the outside prediction. There is no true upper limit. It's just what's likely. Anything above $135/wti starts to really impact demand and the economy. I think $135 is a reasonable future prediction but it'll probably go higher.
Rocket101 wrote: If this happens god help everyone! That's all I can say. EU goes all in on a full oil embargo on Russian oil it's going to be like a 10/10 on the rickter scale. I believe we are headed for not good times as prices will break everyone. Remember what I said oil now used as a weapon. 5-7 yrs ago we were led to believe how terrible oil was along with investment. Today we in a major pickle it seems and it's not going to end well especially if energy almost doubles from here. I can't imagine what chaos this will cause along with the damages to the economies. What will central banks do? Ahhh they will tell the sheeple inflation is transitory lol ! What a world seriously!
Jmho