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Pierre Andurand Has stated that oil could go to $300 a barrel
He is one of the large price fixers in Ronald Reagan’s failed “oil market” concept
He is very much not a liberal and resembles a young trump in more ways than a Warren Buffet
If you want oil prices to be lower but more chaotic get rid of the oil market, it’s nothing but a leach sucking more money out of your pocket and is just an unnecessary venue for middle men to make money.
During 05-08 it was used as a mechanism to stockpile oil and limit supply which was directly tied to the bank failures as their stock piles lost value and $$$ generating power as consumption shrank.
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