Hey Oil Bulls Pushing For Triple Digits ... Sam Zell Says 'Every Recession Since 1973 Has Been Due to Oil Prices'

[Tom Kirkman + 8,860]

Presented without comment, the article title is clear enough.

Sam Zell: 'Every Recession Since 1973 Has Been Due to Oil Prices'

 

[Patrick + 1]

It today bulish or bearish

What do you think sir?

[Tom Kirkman + 8,860]

46 minutes ago, Patrick said:

It today bulish or bearish

What do you think sir?

Heh heh, Patrick, I am very much the wrong person to ask about this.  I've been hoping for an average of $65 this year.  But I'm in the minority. 

Seems that oil prices are most likely heading toward $70 - $80 by end of this year; that seems to be a growing consensus anyway, near as I can tell.