Great time to be short oil.
Great time to be short oil. Heading into a soft spot for the global economy. I love articles that say it is different this time. Break even assumes that OPEC can control demand. Oil will be at 30 bucks within the next 2 years. Really given historic lows in demand right now and historic highs in supply no real reason it should not be there right now. Besides do you really think if gas prices sit at 5 bucks a gallon the world won't convert to natural gas? What will be the price of oil when we make that conversion?