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Strategies & Market Trends : Ride the Tiger with CD
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To: NOW who wrote (208198)12/22/2011 9:40:21 AM
From: Claude Cormier  Read Replies (1) of 312988
 
For sure, we will eventually have higher oil prices and this will help the sale of EV.

But I don't think oil at $200 is in the card this year, at least not for the WTIC. Unless of course, there is some king of major disruption in one of the large Opec producer coupled with major QE's in Europe and USA.

I see more $80-$90 for WTIC and maybe $90-$100 for Brent.

In North America, I read that the USA became a net exporter of O&G liquids last month. A first in 62 years or so. The trend could continue as the recession progress.

Longer term, yes.
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