It got me thinking...what would the legendary cowboy, John
Wayne, say about the future of oil prices?
Hold your horses, pilgrim...
First, what are energy folks saying about the future of oil
The New York Times ("NYT") published an article today
entitled, "Not Everyone's So Sure Low Oil Prices Will
Stay Put." The NYT article explains in detail how the
predictions are for the average price of oil over the next year
vary from the low $50 per barrel range to the $60s based on the
fact that "a few experts have gone out on a limb, arguing that
the market has become complacent in its outlook, just as it was
when the price stayed above or close to $100 from 2011 to
Also, it should be noted, as always, that many considerations
have an impact on the price of oil. From OPEC, international
relationships and the value of the dollar to basic supply and
demand considerations – there is a lot that could play a
role. A good summary of these issues can be found here in an article published today by
So what would John Wayne say about the future of oil
prices? Oil prices have been such an unpredictable ride
lately, and the truth is, the future is difficult to
predict. I think if John Wayne was asked what he thought
about the future of oil prices, he'd walk into the saloon
"Courage is being scared to death but saddling up
This and more John Wayne quotes can be found here.
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