728x90 AdSpace

Latest News
March 14, 2016

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

By EconMatters

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.

The Dolce Whey at Onnit.com!

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

  • Blogger Comments
  • Facebook Comments
Item Reviewed: Oil will be over $100 a Barrel in 3 Years (Video) Rating: 5 Reviewed By: EconMatters