RE:RE:Oil Underpriced?Citizen13 wrote: The dude looks like Kyle Bass with hair. Unlike Kyle he has absolutely no clue . $ 100 oil to sustain current production ? Yikes. We are swimming in the stuff again at $ 70.
I think that's his point? There's too much oil around right now and that is why it is $70. Production will be cut back. In order to get to this level of production again the price of oil would have to be $100.