$20 oil this year on ‘devastating’ crude glut , page-7

  1. 3,865 Posts.
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    I think Obama has realised by now that Oil shouldn't go under $60.00,If it ever goes down to $20.00 a barrel We are going to be much worst off in the long run,Not only peak oil is here and we can't feel it because of the economy slowing down,But also It is going to be so much more expensive to look for oil now , we have to search deeper in ocean, and SAND OIL in canada, All won't be viable under 60 bucks ,What about China in ten years time how much oil are they going to consume? Cheers ! Dom
 
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