Tom KirkmanIndependent Project Manager
< *sigh* > If oil prices hit triple digits this year, betcha oil prices will crash to below $40 in 2019.
The higher the spike, the worse the backlash crash.
Does 2014 and 2015 ring a bell with anyone? Bueller? … Bueller? … Bueller?
Just waiting for some smart wag to spout off “but this time it’s DIFFERENT !!!”
FROM THE THREAD
Heh heh
I was actually going to say crash to $30 rather than $40 in my original comment, but I figured that would just be *begging* for brickbats.
And yes, what is a bit different this time around is the debt levels from the previous crash, as well as higher interest rates. No more "money for nothing" like the previous boom.
Which means this next crash could get pretty weird.
And yes, there WILL be a crash again. How bad the crash, will mostly depend on how high the price spikes.
Near as I can see, the best median price lately - the center of the See Saw balance - is around $65 to $70. Anything too far above that may have a later equal and opposite price swing down below that median.
Just my opinion; as always, you are free to disagree. And sure as shootin' some bulls are going to disagree, because this time, it's *different* ...
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