Oil prices

[Devonian]

(14 January 2015, 20:39)Megatron Wrote: The fact is while we still rely on oil for pretty much everything you can rest assured that it won't be long before the price goes back up its simple maths.

Exactly.

Be it 3 months or even say 18 months, it won't stay down for long.

I also believe a lot of the factors behind the current low pricing is political, the Saudi's, as the major producer of oil, are happy to allow the price to fall, to damage some of their competitors and the US is also happy as it's seriously damaging Russia's finances and keeping Putin's ambitions in check.