oil at $60 a barrell cheap!! ??

  1. 9,081 Posts.
    "Jim Sinclair Commentary:

    Could the so far hidden condition of major oil companies lacking reserves be at the heart of the need to control Iraqi oil and place an oil pipe line from Uzbekistan across Afghanistan? Will the next war be a war to protect the Saudi Royal Family as al Qaeda closes in on the princely fellows hiding in their palaces? Do not worry about the lack of fiscal stimulation if the economy slips. We still have a race in space and a Royal family to rescue. I have heard predictions of $60 a barrel for oil but up to now not been convinced. This makes those predictions look cheap."

    (I don't know about $60+ but oil looks odds on to give $40 a nudge this year - not good for the "recovery" but there will be a few stock market winners with oil at that level)

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