Posted by ufoisreal > 2014-12-16 23:53 | Report Abuse

if that the case,can you imagine how low can the oil be

Posted by calvintaneng > 2014-12-17 00:28 | Report Abuse

Oil price cannot be low for too long.

1) Shale Oil need US$40 above to survive

2) Saudi needs US$100 to balance their budget. They have even aircond for thier garden.

3) Oil is a finite commodity on earth. Once finished - no more. But the population of the world will still grow from 7 billion to 10 billion people.

So Oil will still have a very bright future.