Article

2016-06-23 Economy

Raymond James analysts predict oil will return to $80 a barrel by late 2017

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Posted by Besoeker 2016-06-23 00:10|| || Front Page|| [7 views ] Top

#1 OOOOOOOOOOOOOOO, so close but yet still so far.

Try 2040, Raymundo.

Posted by JosephMendiola 2016-06-23 00:21|| 2016-06-23 00:21|| Front Page Top

#2 Yep, that reduced demand from Angola's gonna be the key...

Posted by Raj 2016-06-23 00:38|| 2016-06-23 00:38|| Front Page Top

#3 Because Israel is going to say "To hell with it!" and nuke the Persian Gulf oil fields?

Posted by g(r)omgoru 2016-06-23 03:08|| 2016-06-23 03:08|| Front Page Top

#4 An Iranian attack is more likely.

As long as it's much cheaper to generate electricity with NG, oil demand will continue to decline. And with fracking that will be everywhere in the not too distant future.

Electric cars are just an inefficient variant of a natural gas powered car.

Posted by phil_b 2016-06-23 03:23|| 2016-06-23 03:23|| Front Page Top

#5 Earlier predictions for the end of 2016 were/are $60. which now appears likely.

Posted by Besoeker 2016-06-23 07:14|| 2016-06-23 07:14|| Front Page Top

#6 Don't forget the other end of the equation.The Fed is still printing (or technically keying) money without value backing. It's not that the price of oil is going up as much as the value of the dollar is going down.

Posted by Procopius2k 2016-06-23 07:47|| 2016-06-23 07:47|| Front Page Top

#7 @Procopius2k THAT!

Yep dollar purchasing power falls rather than oil gets more demand than supply.

Posted by Bright Pebbles 2016-06-23 16:49|| 2016-06-23 16:49|| Front Page Top

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