Oil: Sticking With $60plus Forecast

On April 8th, with oil around $40, Joe McAlinden issue his report titled "Implications of the Coming Shortage of Oil".  Joe argued that the combination of project & budget slashings, the firing of hundreds of thousands of workers, the contraction of bank and other credit facilities, down-gradings by S&P, Moody's & Fitch, and other factors, would lead to $60+ oil prices by early 2017....   

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