Cartoon Of the Week
Ever think about what the price of oil would be without sanctions on Iran, or Venezuela, or if OPEC finally got a belly full of helping the US shale oil industry with production cuts?
$20-$25 would be my guess.
Look for some real doozies coming of Washington DC in 2020, lots of tweeting, lots of anything it takes to drive the price of oil down before November elections, including more begging of the KSA for help.
So, if you are IN the oil business, even just employed in the oil business, you better be covering up because you're going to kicked in the nuts in 2020. Count on it.