you guys don’t understand oil politics! Oil will go down. Why? because us will attack Iran, however price increase wont have any effect on worlds economy if oil is under 50 pb.
USA has enough reserve stored to replace 2 million or so barrels per day by Iran at any time. it will be enough to change government in Iran.
So don’t be surprise if oil declined to $40 USD.
still heading south, page-11
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