Quote:
Originally Posted by Hatterasguy
Yes but define short term and long term?
IMHO long term is the next 10 years, and it will go up. In the next 2-5 years I don't think it will move out of the $3 range, the demand just isn't their.
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2-5 years is a long time in the energy market. I don't know what will happen to worldwide demand, and I don't know what political issues might develop. It might stay flat for a few years, but I'm betting it will go up sooner than that. I just have trouble believing that oil will be below $100 in 5 years.