RE:RE:RE:Oil to hit $185, say experts…. Both of you may be right ! It's percentages right ? What would it take to hit $185 ? A large misile from Putin ( unlikely ) he is actually tip toeing through this entire war weather you think it or not. He is actually being methodically careful. As sick as this is ! Then I think you would need a total out right hard ban on Russia oil.
I think we already hit the peak , and that was the day this all went down in Ukraine. Where we actually went over 130WTI.
This is just one mans opinion , but what I see is prices ranging from 90 WTI to 130 WTI .
SO THE IFS OF MY OPINION ARE
90 WTI is do to peace coming. Plus , I feel over time Russia finds ways to place there displaced oil in India , and China allowing China to stock its reserves at major discounts , all of witch were worked out during the Olympics when they met.
My 130 WTI scenario , is shock waves caused by bad days in the war , a longer more drawn out war scenario , where the coordinated efforts find ways to keep ships away from Russias Western ports , therefore the Russia oil actually just sits causing shut ins . Along with draw downs in the United States being more pronounced and weekly going into driving season.
So my call is higher oil prices for longer versus $ 185 because the world will park there cars at that price.
I will say there is a scenario for 185 dollar oil. It's one I won't even print. It would be a horrible horrible day.
This is a opinion , nice to see we all see oil above 100 ?
Who would of thought that 3 years ago or 2 years ago.
Even with Russia giving peace , there is zero chance most sanctions don't stick at least for a year or two.
What would stop him from doing this to other neighbours like I here about Finland or Sweden who apparently want to join NATO.
One thing I will say , wasn't the US and Russia Considered the two super powers in Strength?
What do you think the United States would do to Canada if say We wanted to join some Russian led alliance. ?
Don't kid yourself. NATO is lead by the United States of America.
War sucks. But why didn't the leader just agree to not join NATO , prior to this war ?
War sucks But Ukraine and Russia , this stuff goes back 100s of years. The Capital of Ukraine used to be the capital of Russia. Did you know that ?
I want to repeat I don't want war. But we are being fed one side here.
Oh I just said that !! I will duck now !!
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