OTCPK:MAUXF - Post by User
Comment by
freedom-1970on Aug 16, 2015 10:58am
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Post# 24022464
RE:Low oil and gas prices could continue another three years: M
RE:Low oil and gas prices could continue another three years: MOil prices are going to be controlled by two Things , supply and demand ..
Average consumption is increasing 1 million Bopd with declines at 15 % on average so with our demand growing we need over 15 million Bopd increased production from OPEC or some major producer?
Unless the Saudi 's can open the tap more and way more ! Oil will rise to a normal level 60 to 70 WTI, with a spike higher as the numbers show storage and supply down.
Iran will slow this jump in prices but the oil depended countries will demand higher prices as there social and budget's are destroyed .
This cycle is very normal and will repeat many times in the future...