It all boils down to if the Americans attack Iran. On one hand, that would be insane. On the other hand, the neocons are insane. But I still can't bring myself to believe they will really attack. So... Highest: $86/bl in October, after continued nastiness everywhere topped with a big hurricane in GOM. Year-end: $77/bl Natgas highest: $21/mbtu after the October hurricane No $100 oil this year, because there will be no war with Iran (please!)
Highest: $86/bl in October, after continued nastiness everywhere topped with a big hurricane in GOM.
Year-end: $77/bl
Natgas highest: $21/mbtu after the October hurricane
No $100 oil this year, because there will be no war with Iran (please!)
So I'll lower my bet to $52.52. Peak oil is not an energy crisis. It is a liquid fuel crisis.
