RE:CrudeI disagree. I'd like to see WTI oil around at least $125 before levelling off. Oil is no different than any other commodity. Current price is a function of ridiculous government policies. Oil is no different than other commodities, goods/services. The price of a barrel should be decided based on market demand. Everyone (other than O&G investors) have beneffited from cheap oil over the last 7 years.
People need to wake the F up to what they asked for when they cast their vote last October (US) and September (Canada). The party's over it's time to pay the piper.
Moemoney42 wrote: I'd actually like to see crude level off around this $80-$85 level for the balance of the year.. it would give time for the equities to catch up.. show the market players that thte price can be maintained.. and the levels of profit will exceed all the projections of most if not all the companies reporting Q3 numbers.
This would also allow the economies to get back to somewhat normal without too much inflation going into years end..