whooshka ... a new global epoch ..., page-48

If you think that the USD going to stay at the same value or increase in value then yes just maybe you might see lower USD oil price."


You are forgetting two very important things.

1) OPEC. They will continue cutting production until prices maintain their preferred price. The world can't live without oil at this stage.

2) Alot of current producers of Oil cannot profit from oil at less than US$65

These are just two major factors that will maintain the oil price.