tag:blogger.com,1999:blog-24847368.post7204539098126609483..comments2024-01-29T10:04:23.986-08:00Comments on Al Fin Energy: Global Oil Production Booming; Demand is Softeningal finhttp://www.blogger.com/profile/13739269791915017382noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-24847368.post-16639870023687797622012-12-19T01:24:56.071-08:002012-12-19T01:24:56.071-08:00I predicted this all along.
Oil at near $100 kill...I predicted this all along.<br /><br />Oil at near $100 kills demand and encourages new production and substitution. <br /><br />The longer is stay even near $100, the longer the down cycle will be. My guess is another 20 years of soft prices, and then another oil scare.<br /><br />But hey it could be 30 years of soft prices or maybe forever, given what is happening in rival fuels, or PHEVs. Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com