As expected, as oil prices soar, and the oil price bulls stampede with joyful abandon, the IEA dumps its cold water harbinger of the coming oil price roller coaster.
Remember that I have kept commenting that I would be happy if oil prices averaged $65 this year? And that I would be happy if oil prices averaged $70 in 2019? There is a reason for that.
(Note that I view the value of the U.S. Dollar should decrease a bit by the end of this year, as the PetroYuan starts taking hold as a v