JPMorgan predicts $380 oil on worst-case Russian output cuts

Discussion in 'Economics' started by ipatent, Jul 2, 2022.

  1. Overnight

    Overnight

    This is what I was looking at. Up until Thanksgiving 2021, the movement looked normal.


    clrange2022.JPG
     
    #11     Jul 2, 2022
  2. zdreg

    zdreg

    Maybe with the collapse of the currency known as the $US it will go much higher than$400.
     
    #12     Jul 2, 2022
    NoahA likes this.
  3. RedDuke

    RedDuke

    not going to happen any time soon, talking about collapse of USD. The reason, there is no viable alternative on horizon.
     
    #13     Jul 2, 2022
    ET180 likes this.
  4. 99% Biden's fault, Hope voters remember at mids.
     
    #14     Jul 2, 2022
  5. It's not accurate to say JP Morgan predicts $380 oil. They indicated that was a worst case IF Russian energy did not leave Russia, but they are not expecting Russia will stop exporting energy.
     
    #15     Jul 2, 2022
  6. Overnight

    Overnight

    If the USD collapses, then what is the cost of oil in...Something? It will not be $400 USD, because the USD is gone, remember?

    So what will it be in Polish Zlotky?
     
    #16     Jul 2, 2022
  7. easymon1

    easymon1

    xzztv.jpg
    Good Times! Invigorating!
     
    #17     Jul 2, 2022
    Ayn Rand and MKTrader like this.
  8. Biden's spin: "Make America shit again."

    I guess Cathy Wood can at least use him to save grace on this failed prediction:

    WTI.png
     
    #18     Jul 2, 2022
  9. zdreg

    zdreg


    Good call. Better 3 million Ukrainians than 3 million Mexican immigrants.
     
    Last edited: Jul 2, 2022
    #19     Jul 2, 2022
  10. zdreg

    zdreg

    When the tipping point happens viable alternatives will rise up. It inevitably does.
     
    #20     Jul 2, 2022