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+--- Thread: OPEC Sees Oil Prices Exploding to $200 a Barrel (/thread-22839.html)
OPEC Sees Oil Prices Exploding to $200 a Barrel - chairman - 02-01-2015
Right now the oil market is totally focused on finding a bottom for oil prices. However, according to OPEC's Secretary-General Abdulla al-Badri we've already hit bottom. Not only that, but he sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. He's far from the only one that sees a return of triple-digit oil prices.
Re: OPEC Sees Oil Prices Exploding to $200 a Barrel - 654321 - 02-01-2015
A $200 barrel of oil translates to about $8 for a gallon of gas. With world economies floundering and demand so low, there won't be enough people who can afford $8 for a gallon of gas.
Re: OPEC Sees Oil Prices Exploding to $200 a Barrel - ketchim - 02-01-2015
Roads will be empty ..... :-[
Re: OPEC Sees Oil Prices Exploding to $200 a Barrel - alexmax - 02-01-2015
Once China gets into the fracking business by the end of this decade, they will keep their own oil to themselves which is what will ultimately undue OPEC.
Re: OPEC Sees Oil Prices Exploding to $200 a Barrel - ketchim - 02-01-2015
OPEC is what keep prices high in North America !