$200.00 oil in 10-15 months. . .

[KGW]

No time for technological innovations to come on stream. Jeff Rubin at the Business of Climate Conference:

[friendly_jacek]

Re: $200.00 oil in 10-15 months. . .

LOL, he speaks like a priest.

I believe him. This will happen if A. inflation/weak dollar persists and B. global recovery continues. So it is not an absolute thing.

[cjppjc]

Re: $200.00 oil in 10-15 months. . .

On another tread the thought is there is a concerted effort to make the dollar stronger. Too many thoughts give me a headache.

[Rajiv]

Re: $200.00 oil in 10-15 months. . .

This topic was discussed in detail here - Is Jeff Rubin right ... or is there ANOTHER Saudi Arabia?

[Sharky]

Re: $200.00 oil in 10-15 months. . .

I'm not as convinced as Rubin seems to be that demand destruction is finished yet, or that what's left to go won't more than offset increases in demand from the likes of BRIC, Saudi and Venezuela. The ongoing economic collapse of Dubai alone could cause very significant ripples through the global economy.

Another thing to keep in mind is that one of the main reasons countries like Saudi and Venezuela keep fuel prices low is as a means of offsetting many other very miserable aspects of their societies -- things like food shortages in Venezuela, for example. In the long term, the collapse of those countries seems more likely to me than increasing demand.

Am I missing something?

[Master Shake]

Re: $200.00 oil in 10-15 months. . .

Weren't we supposed to have $200 oil in 10-15 months 24 months ago?

[D-Mack]

Re: $200.00 oil in 10-15 months. . .

Weren't we supposed to have $200 oil in 10-15 months 24 months ago?

That was Goldman Sachs and don't forget they were shorting their own clients