RJRaymond James has issued a report that oil is going over 100 by 2020 .
Their keypoints are :
1) Venezuela's production has dropped more than expected and won't get better soon
2) The Iran sanctions are working'
3) The conventional world oil supply is going to start dropping due to lack of investment , possible increases in US shale production will not compensate ,
4) By 2020 the world standard for bunker oils ( used on ships ) is going from 3.5 % sulphur content to 1.5 % . Due to difficulty in processing this will result in 1.5 million barrels per day being taken off the market .
I'm worried by a total world economic collapse due to the unbelievable build up of debt but they aren't . Check out the US and Canadian debt clocks and consider that the entire world is in the same condition . But Raymand James has always guessed better than me .