Jump to content

Sign in to follow this  
News Feeds

Oil will be over $100 a Barrel in 3 Years (Video)

Recommended Posts

By EconMatters

 

KatherineWhiteArabSpring.jpg

 

Here is the Oil Equation: Existing Supply minus Shale Destruction, minus Cap Ex Reductions, minus Depletion Rates Globally, minus Demand Growth versus Iranian New Supply. Oil will be above $45 a barrel by April, above $70 a barrel in fifteen months, and over $100 a barrel in 3 years once you start plugging in the numbers in the aforementioned oil equation. The scary thing is we now know what Russia, Saudi Arabia and OPEC have in terms of Spare Capacity - and it is much less than we thought five years ago.

 

 

 

 

© EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle

 

 

 

rc.img

 

rc.img

 

rc.img

 

a2.imga2t.imgmf.gifSisi1HAA7cs

 

Continue reading...

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×

Important Information

Your Privacy Is Important To Us Learn More: Privacy Policy