Oil Price Predictions

Blog, Energy, Peter McCaffrey (historic), Uncategorized

Oil price predictions are notoriously inaccurate  so I wouldn’t take much stock in the actual figure that has been projected, but an article in today’s Financial Post makes a compelling argument that we will see a significant drop in prices across North America over the next couple of years:

http://business.financialpost.com/2013/01/21/wti-crude-may-fall-to-50-within-two-years-bank-of-america

Just imagine the significant benefits we’d see economy wide with oil at $50 again.