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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Zincman who wrote (40650)	11/20/2012 1:08:14 PM
From: Keith Feral	Read Replies (1) \| Respond to of 218966

Peace or no peace, oil prices are heading lower over the next couple of years. I really think the centerpiece of the fiscal cliff will depend on getting oil prices back to manageable levels. No reason for the US, Europe and Japan to keep exporting surplus budgets to OPEC nations. OPEC would be fine with $90 Brent over the long haul. Oil made the peak in 2008, and keeps failing at $100 or $110 every year since. I don't see crude staying much above $85 for the next few years as they bring the price of Brent back to reality.