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  7. OPEC Sees Oil Prices Exploding to $200 a Barrel

OPEC Sees Oil Prices Exploding to $200 a Barrel

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01 Feb 2015 08:59 #237982 by chairman
Right now the oil market is totally focused on finding a bottom for oil prices. However, according to OPEC's Secretary-General Abdulla al-Badri we've already hit bottom. Not only that, but he sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. He's far from the only one that sees a return of triple-digit oil prices.

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  • 654321
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01 Feb 2015 09:13 #237984 by 654321
A $200 barrel of oil translates to about $8 for a gallon of gas. With world economies floundering and demand so low, there won't be enough people who can afford $8 for a gallon of gas.

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01 Feb 2015 10:05 #237991 by ketchim
Roads will be empty ..... :-[

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01 Feb 2015 10:12 #237995 by alexmax
Once China gets into the fracking business by the end of this decade, they will keep their own oil to themselves which is what will ultimately undue OPEC.

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01 Feb 2015 10:27 #238004 by ketchim
OPEC is what keep prices high in North America !

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