i know. i hear perfectly reasonable people that i respect saying it's going to $300 after mid June when surpluses deplete.. and others that say that it's going to 50$ by the end of year. i hold with those who say 50$. but i suppose if the conflict didn't resolve it could be $300... and i don't th...

The simple thing to remember is oil is scarce, dollars aren't, and dollars are printed for the specific purpose of ensuring the oil cartel gets a cut of almost all transactions globally