Originally Posted by
Whacker77
I tend to disagree with this statement, but it's hard to argue with it today. I've turned quite bearish in the short term, but I really do think oil will retreat to $100 or less in a few months. If that happens, hopefully the guys about to get furloughed won't. I don't even have a job, but I don't want to see the industry shattered. I've had two interviews cancelled in the last five weeks, but I keep telling myself it will get better! If I say it enough, I might believe it.
If Israel attacks Iran like they seem to be preparing for then some annalists estimate that oil could hit $400 a barrel before Christmas.
SkyHigh