Bob’s argument for a tight range of crude certainly makes sense. On one hand, economic activity keeps the price of crude elevated, with US production at 10m barrels per day. On the other, alternative energy has improved, placing a ceiling on the damned thing. Alas, we’re stuck in the range of $60-70 crude for the foreseeable future.If you enjoy the content at iBankCoin, please follow us on Twitter
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
17,433 Blog Posts