Oil at 70 dollars in 2016 2017
Good day
Today many investors are gathering data suggesting that oil is going to bottom out and near the 70 dollar level late in the fourth quarter. Is this possible? the mad man business concept being presented here to call and lure investors to a pricier oil is a stretch. In the US drilling cost are going up and more and more layoffs in the oil industries are imminent. To begin with there is an election year in the US which will have a change in the regime of leadership. Second the US economy is enjoying oil flirting with $2.00 at the pump. Middle America looking for gas to get higher at the pump. Not.
The pipeline is working fine despite many in government in the US saying that the pipeline would not open. Good or bad? And most importantly there is a war going on the planet that the US is begging to get into that involves many of the oil countries giving the US competition in oil. Reserves are stabilizing and many states in the US the oil business in less than 5 percent on average of the economy. The feature here is the oil companies who can manipulate dividends and express positive growth to investors that may have some companies in the sector see higher stock prices.
Oil over 50 in 2016? Why you are a madman!!!
Thank you and have a great day.
ECONOMIST CORNER IS A MEMBER OF THE IZ CORP EXCHANGE
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