What Can Push Oil to $40?

Just a mental game. What do you think should happen for prices to slump back to $40?

Share this post


Link to post
Share on other sites

Well, first, I'd bet on $55 oil, not necessarily $40. I think the fundamentals will support $55 oil. For $40 oil, the world would have to be much more stable than it is and US shale would have to really kick it into gear at the same time. 

Share this post


Link to post
Share on other sites

Not a great fundamental picture, and I would by into oil below $55...

 

Screen Shot 2018-02-13 at 8.44.40 AM.png

Share this post


Link to post
Share on other sites

$40 oil you say? US shale, combined with more tech advances. Russia giving up on the OPEC deal.China realizing it can no longer keep up with its ambitious green plan. 

  • Like 1

Share this post


Link to post
Share on other sites

more production from other non-OPEC producers, besides the US. 

Share this post


Link to post
Share on other sites

IEA's Oil Market Report.

  • Like 1

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0