Originally Posted by
Trip7
Pentagon estimates at least 6 months to claim the Strait of Hormuz from mines. ZERO chance oil is in the $70s in June or July. ZERO CHANCE. Oil and it's Refined Products will remain higher for the foreseeable future
Oil hits $150 this summer. $200 possibly by year end
finally someone makes a real prediction.. I’ll hold ya to it.. Just to be clear, you say furloughs or no furloughs? That was an original prediction.
mine is “in the $70’s, not $70.” All it’s going to take is some SoH announcement that will have an immediate 15% drop, again, just like last month. Ships are already heading to our Gulf of America ports. When the SoH is fully functional that will just add to the return of oil to markets. Between both locations, the rebound will be quick.