$200/barrel is indeed wrong, its a lowball number. i expect $500 or more. where do you think all those trillions the Fed is printing up now will end up? what ha

$200/barrel is indeed wrong, its a lowball number. i expect $500 or more. where do you think all those trillions the Fed is printing up now will end up? what happened the last time the Fed printed up trillions in 2002? commodity bubbles! excess liquidity ALWAYS creates inflation, and inflation always chases up the value of finite stores of value, namely commodities. nothing goes straight up or straight down...the thirty year commodities ultrabubble is just getting started, and has experienced its first (of many) breakdowns towards an eventual higher price once this pocket of deflation is monetized. zimbabwe here we come!