07.10.2014 - Higher oil prices coming in 2015?
Let’s kick off this last quarter of 2014 right. See, this is the quarter when we get to see those thousand page reports on the forecasts for 2015. This is when all of those overpaid commodity analysts get to tell the trading community how it's going to be. They’ll throw out charts and statistics that are going to back each other up. We’ve already heard about declining demand and $80 oil. How the world is going to grind to a halt, U.S. oil production is going to become unprofitable and we’ll be once again leaning on the great and powerful OPEC to be the best barrel out there. Hold on there Cassandra. First off, we’d raise tariffs on foreign imports before we would let our pride and joy of US crude oil production fall apart...............................................Full Article: Source
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