Oil Is Going To $35 Per Barrel

I remember a Canadian citizen telling me that half the oil that the USA imports comes from Canada.

 

If the USA invades Iran then oil prices could go to $ 100 / barrel or higher.

 

I think it is mistake main USA import from Arabian country (Saudi Arabia, Iran, Irak, UAE) Venesuala, Russia.

 

The U.S. imports far more oil from Canada, Mexico and Venezuela than it does from the middle east.

 

No surprises.

If anything goes up 90% of the articles suggest it's only going higher, and vice-versa.

Sometimes I even get the impression that many in the market and on TV forecast the long-term trend by what happened to prices that day.

What a joke!

 

When Steve Forbes IQ hits 35, he should sell.

 

50-60 range for the next six months or so...

 

The oil companies want it at $35......they definitely do not like the wild swings.....makes it too difficult to project budgets for future developments.....invest 300 million to develop oil field and not know what price is product at end of process????

If you ever listen to the interviews they all say the exact same thing about oil prices.....

SteveD