EXPM:EGRGF - Post by User
Post by
Yemenon Oct 12, 2011 7:52pm
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Post# 19143555
I do not see the oil price straying below $75
I do not see the oil price straying below $75With Saudi and the other mid east countries having to average $80-$90 with all of the payouts that they must pay out to the general populace in their countries as a result of the Arab spring, it would not take long to turn off the tap to insure that the price stays at 80+. In short, OPEC must have that price. As long as that situation exists, and it will for the foreseeable future, that injects a fair amount of certainty into the equation.
Just my thots--comments.??