Posted On: 02/11/2016 7:28:16 PM
Post# of 65629
So
The last time we had $20-30 for oil was when Iran was not under sanctions.
It appears getting Libya back up to 100% production could be in the works with talks of US troops being used to stabilize the country. I don't see OPEC coming to any production limits for a while. Could see $20 on oil.
Thing is if oil is at $20 stock market is over valued by 30-40%. So that would bring the DOW down to 9000-12000 on the correction. Though it was in the 4000-6000 range last time we had $20 oil.
Does that = a Tech BOOM ? Gold BOOM? BOTH? We have gone through all the rat holes. Something is going to need to stabilize the fall ?
The last time we had $20-30 for oil was when Iran was not under sanctions.
It appears getting Libya back up to 100% production could be in the works with talks of US troops being used to stabilize the country. I don't see OPEC coming to any production limits for a while. Could see $20 on oil.
Thing is if oil is at $20 stock market is over valued by 30-40%. So that would bring the DOW down to 9000-12000 on the correction. Though it was in the 4000-6000 range last time we had $20 oil.
Does that = a Tech BOOM ? Gold BOOM? BOTH? We have gone through all the rat holes. Something is going to need to stabilize the fall ?
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I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...everything I say is of my opinion. I'm not a good place to get investment advise...
