## oil heading to $65 ##

Oil is heading to at least $65. It could go much higher - $80, $100. Of course, general equities markets will be smashed. Gold will also soar. I can't believe some of the posts I've read here. That when oil falls gold rises. But when oil rises no money will go gold. It's complete crap.

Even without major disruptions to supply the era of cheap oil is finished. Unless of course China says "We'll be good Chinese and leave the oil consumption to the West. For starters we'll ban any new car sales and all use pushbikes."