SURREAL ECONOMICS OR CONCRETE SCIENCE? ORIGINAL POST It was the best of times, it was the worst of times, it was the age of wisdom, it wa...
I was thinking about how people seem to read the Bible a whole lot more as they get older; then it dawned on me - they're cramming for their final exam.
George Carlin
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Intelligence without ambition is a bird without wings.
Salvador Dali
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March 25, 2022
Some of the world’s biggest oil traders expect oil prices to exceed $200 per barrel by the end of the year, the Financial Times reported, citing opinions shared at its Commodity Global Summit this week.
“Wakey, wakey. We are not going back to normal business in a few months,” said Pierre Andurand, who has been super bullish on oil for a while. “I think we’re losing the Russian supply on the European side forever.”
The hedge fund manager first made his $200-per-barrel forecast earlier this month, saying that producers ranging from African members of OPEC+ to the U.S. shale patch will struggle to replace the Russian crude going off the market.
Yet Andurand is neither the only superbull nor the biggest one. Doug King, the chairman of RCMA Group, told the FT that crude oil could top $200 and reach $250 by the end of the year.
“This is not transitory. This is going to be a crude supply shock,” King told the FT summit.
BofA Sees $200 Barrel Oil
Inspirational Wisdom Quotes
March 23, 2020
' The greatest deception men suffer is from their own opinions '
Leonardo da Vinci
OIL SUPPLY OUTLOOK GRIM AS FUTURES CLIMB
