|
Indeed, oil seems to be cheap right now. I think it is cheap because demand is temporarily low. Why isn't demand greater now? Perhaps because world economy is not so good as it used to be few years ago. High oil price has hurt economy. But wait – didn't I say that oil is cheap? Yes it is, now. It seems that I described an oscillating system. So, probably demand of oil and economy will get a little better because of low oil price as it is now, but then later increasing demand will lead to higher oil price. Perhaps oil price will be over $100 June 2015. Something like that. Just a guess.
|