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WTI crude oil to hit $70 in 2018?? above?
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<blockquote data-quote="dean nelson" data-source="post: 202436" data-attributes="member: 1305"><p>At this point OPEC is pretty well fucked. They are in a total damned if you do damned if you don't setup. if they don't start pumping the US and Russia will take up more and more of their market share and one by one their economies will start collapsing because they're getting pretty low on cash and if they bump they under cut their own price and get shafted well the Shale plays will just go back into hibernation like they did last time and then just pop back out like a gopher in spring as soon as the price goes back up.</p></blockquote><p></p>
[QUOTE="dean nelson, post: 202436, member: 1305"] At this point OPEC is pretty well fucked. They are in a total damned if you do damned if you don't setup. if they don't start pumping the US and Russia will take up more and more of their market share and one by one their economies will start collapsing because they're getting pretty low on cash and if they bump they under cut their own price and get shafted well the Shale plays will just go back into hibernation like they did last time and then just pop back out like a gopher in spring as soon as the price goes back up. [/QUOTE]
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