Originally Posted by
RockyBoy
Ahhhh...a decade is a long time. It will stay low this year then be right back up. Most of the industry thinks a long term (decade) average will be right around 90/bbl.
There are so many variables that go into oil that I really think nobody knows what it will do. If it was just a true supply vs. demand issue then it would be fairly easy, but with OPEC and speculators in the market.....I don't think anyone really knows what it will do more than 6 months out.
The one consistent thing with someone predicting something a decade is that they will almost certainly be wrong.