I closely follow oil & gas industry as future of Alberta depends on it hence all local business including ours(ISS Security).
Do you think oil will rise above $70/barrel again by the end of 2016? If so, what will be the factors pushing this price increase?
There are simply too many forces at work here. However, much in the same
way that the cure for high prices is high prices, the cure for low
prices is low prices. They will dampen supply and boost demand, causing a
rebound. I wouldn't bet on that rebound going much beyond $60, but
then,..
For a great debate on the subject between people who know far more about the oil market than I do, see https://www.reddit.com/r/
Please feel free to comment...
