Oil Prices Lower Forever? Hard Times In A Failing Global Economy
Art Berman, Energy Specialist & Keynote Speaker
Two years into the global oil-price collapse, it seems unlikely that prices will return to sustained levels above $70 per barrel any time soon or perhaps, ever. That is because the global economy is exhausted.
The current oil-price rally is over as I predicted several months ago and prices are heading toward $40 per barrel.