Re: Price of Oil to be 60% Higher next Dec??

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rink

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Re: Price of Oil to be 60% Higher next Dec??

in response to

Price of Oil to be 60% Higher next Dec??

dondon

posted on Jan 17, 2009 07:35AM

dondon,

IMO if the 10% consumption drop brought total consumption below the "peak oil" level it would create a much more dramatic effect on the price. That is, if there is enough to go around the suppliers do not have the ability to sell to the higest bidder if the bidder can just go elswhere.

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