"Oil world gathers to calm markets"- in Madrid
"Frank Chapman, chief executive of Britain's third largest oil and gas producer BG Group, said yesterday that a sustainable price for oil was around just $US55 a barrel once investor anxiety had been taken out of the equation."
"Oil prices will fall to $70 a barrel by 2015 as new production begins in countries such as Azerbaijan, Canada, Brazil, and Kazakhstan, the US Energy Department said."
I don't wish 200 oil, but its headline news like above that makes me think yes 200.These headlines are from people/dept pushing their agenda. BG of course is in the midst of Origin t/o. Four years ago 2015 oil was 30, a year and half ago it was 60, half a year ago it was 90, and today oil for delivery June 2015 is 135.
135 oil for 5 years, can anyone imagine bhp petroleum's earnings in the next few years - analysts are still pencilling 80 in their forward estimates.
best stock in the universe, page-134
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