Vitol CEO: Iran problem can push oil price to 150$

Discussion in 'Commodity Futures' started by TraDaToR, Feb 22, 2012.

  1. TraDaToR


  2. BCE


    Who knows what will happen? Everyone has an opinion one way or the other. When crude was 142 in 2008 Goldman was calling for 200. What did it do? Sold off to 32. Guessing you're long crude to start this thread with a link to that article. BTW the article is only accessible to FT subscribers. Good luck with your trades one way or the other.
  3. time to open the reserve spigot
  4. the1


    Goldman was calling for a "Super Spike" to $200 so they could create enough volume to exit their crude positions. The current situation is a little different. If supply is disrupted then it's entirely possible for Crude to go to $150, or above. WTF is taking so long for cars to come out with a comparable energy supply to crude. The technology already exists. I suppose it will just take time and prices into the stratoshpere will probably speed up the process.