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Where is oil heading...
Amish
Member Posts: 1,383 ✭✭✭✭✭
CNBC did a nice video & charts on where some see oil heading.
video & charts
http://www.cnbc.com/2016/01/30/crude-oils-pain-has-only-just-begun-analyst-says.html
Three videos here (at the bottom)
http://www.cnbc.com/2016/01/31/saudi-arabia-struggles-to-cope-with-cheap-oil.html
and again here..
http://www.cnbc.com/2016/01/26/dont-trust-the-oil-rally-rbc-analyst.html
video & charts
http://www.cnbc.com/2016/01/30/crude-oils-pain-has-only-just-begun-analyst-says.html
Three videos here (at the bottom)
http://www.cnbc.com/2016/01/31/saudi-arabia-struggles-to-cope-with-cheap-oil.html
and again here..
http://www.cnbc.com/2016/01/26/dont-trust-the-oil-rally-rbc-analyst.html
Comments
It will be declared endangered.
Then, the US oil companies are going to start selling it to the EU. The US will become a major oil exporter. Should help the bottom line.