($100 Oil) - Gone Forever

or so says Saudi Prince Alwaleed

http://finance.yahoo.com/news/saudi-prince-oil-never-return-163600622.html

"The well-known billionaire investor recently told USA Today he's positive we're "never" going to see $100-a-barrel oil prices again. "

"Shale is feeling the pain: Alwaleed said one "positive side effect" of the oil crash is it will allow Saudi Arabia to see "how many shale oil production companies run out of business."

Mean SOB isn't he.

"Moody's senior economist Chris Lafakis thinks the black stuff could surge all the way back to $80 by the end of the year. Alwaleed concedes a rebound may happen eventually. He just doesn't think it'll carry oil all the way back to $100."