The cure for excessively high oil prices is high prices

Take note of this one *key* sentence in Nick’s article:

● “In short, the global growth story is starting to look a little shaky.” ●

Please pay attention to that one sentence, when oil bulls keep pushing for triple digit oil – because the cure for excessively high oil prices is … excessively high oil prices. Excessively high oil prices kill demand, and kill global growth. Which results in a severe crash in oil prices later on.

Here’s hoping we aren’t heading toward a 2014 / 2015 oil crash once again.

And let’s hope the OPEC + Russia + Frenemies cartel can be agile enough to move with the global economy, without letting oil prices swing too high or too low. It’s going to be tricky.

(I’m hoping for an average of $65 oil prices this year, but that’s just my opinion.)