Sys1 wrote:"$200 Oil or Bust?"
We will have both!
Why settle for one if we can have both!
Now, seriously I don´t think that we will reach $200, although I think is highly likely we will see $140 or $150.
This are crucial moments that will define the year IMHO, half of Libyan production is off line right now, and the other half is likely to disappear too from the market. This is a trying time for OPEC, they have to made up for this and quickly, not amount of spin will do it, they have to show the goods, otherwise it wil be revealed that the emperor has no clothes, and given the current situation of instability in many of the countries of OPEC, most of the responsibility rest on the shoulders of Saudi Arabia.