Get Ready for $150 Oil

[ndon]

rgr

My feeling on the "bankster crisis" is that it was pressures outside that revealed the issues that then cascaded into the crisis.

Any rapid price increase that affects so much of our society can have a disruptive influence on the economy, and that may result in a tip into recession, so in that respect, yes, increasing oil prices can have that effect.

[RGR]

[quote="ndon"]rgr

[Lord Beria3]

Puru Saxena: QE3 is Inevitable in 2012
Going into an election year with too much debt, Saxena sees more QE next year and $150 oil likely as well

http://www.financialsense.com/node/5825

Anather call for +$150 dollar oil next year...

[adam2]

This report does not predict a particular price, but does suggest significant increases owing to the rapidly increasing domestic demand in KSA.

Even if they can increase production, any increase in exports seems unlikely.
What matters to the rest of the world is not how much KSA can produce, but how much they export.

This been disscused here for years but seems to be becoming more mainstream.

http://arabnews.com/economy/article476846.ece

[adam2]

Another report here suggests $120 oil in a year or so.
And they are refering to WTI, not Brent.
If the present differntial is maintained, that suggests Brent at about $140 in the near term.

http://www.bloomberg.com/news/2011-07-2 ... ehind.html

[madibe]

Brent's at 118 now...so not a long way to travel.