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OPEC Sees Oil Prices Exploding to $200 a Barrel

 
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User ID: 7133763
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01/31/2015 06:07 PM
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OPEC Sees Oil Prices Exploding to $200 a Barrel
[link to m.fool.com]

Right now the oil market is totally focused on finding a bottom for oil prices. However, according to OPEC's Secretary-General Abdulla al-Badri we've already hit bottom. Not only that, but he sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. He's far from the only one that sees a return of triple-digit oil prices.

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Anonymous Coward
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01/31/2015 06:08 PM
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Re: OPEC Sees Oil Prices Exploding to $200 a Barrel
bsflag
Anonymous Coward
User ID: 37946190
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01/31/2015 06:19 PM
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Re: OPEC Sees Oil Prices Exploding to $200 a Barrel
actually I've done massive calculating and predict $20/bbl oil by October-OPEC have said they will go in for 5 more years, and then all the extra unneeded oil from Keystone....

and THEN the shyte hits the fan
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01/31/2015 06:20 PM
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Re: OPEC Sees Oil Prices Exploding to $200 a Barrel
Talk about talking out of both sides of your ass.

One week OPEC says we will never see $100
Next week saying $200

Sounds like someone had a talking to
Anonymous Coward
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01/31/2015 06:21 PM
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Re: OPEC Sees Oil Prices Exploding to $200 a Barrel
agreed, Bro!
Anonymous Coward
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01/31/2015 06:23 PM
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Re: OPEC Sees Oil Prices Exploding to $200 a Barrel
What you are missing is a time frame. Of course with massive money printing out of thin air it will take more monopoly money to buy anything in the real world that does not have infinite supply at some point.

Low prices are temporary. WHEN does oil explode upward is the question.
Anonymous Coward
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02/06/2015 11:03 PM
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Re: OPEC Sees Oil Prices Exploding to $200 a Barrel
bump





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