UBS 50And where is WTI just now? $44, since you asked: it's been below $50 for four months. And these people have jobs! - as my mother-in-law says. Well, I suppose there are a few more weeks left in 4Q for something to come along and restore the average back up to, errrr, $84 ...
Bank of America 57
Intesa SanPaulo 62
Morgan Stanley 70
Std Chartered 84
Here are some things they should think about carefully, from the famous BP Statistical Review, 2015 edition. Exhibit One:
|There's a lot of oil in them thaar hills Source: BP|
Oh yes, plenty of oil'n'gas around: good luck to the Greens and all who believe in peak-anything. Where next? Well I'm staying out of the forecasting business, that's for sure.