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Is The Current Oil Price Sustainable?

February 27, 2019

Via: Forbes

When the price of oil was over $100 a barrel, I was often derided for suggesting that level was a) elevated and b) unsustainable. (I was also derided in 2006 for suggesting in Forbes the price might go as low as $20 by 2008, which it almost did, but not because of market fundamentals as I thought but rather due to the financial crisis. Mea very culpa. But when the price soared in 2008 and I wrote columns titled “Investing for the Oil Price Collapse,” the response was beyond derisive, so tongue-stuck-out-emoji.)

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