It’s been a wild ride for the oil market and it seems unlikely that the ups and downs in the oil market aren’t finished yet.  There are a lot of questions, many of which cannot be answered thus far. However,  this is an industry that’s taken its lumps and has experienced the joys of mind-boggling windfalls.  Oil makes the world go ‘round, but sometimes the world dictates where oil goes and how fast it gets there.  Many outside factors influence the oil supply & demand dynamic, making it difficult to point to an exact bottom with confidence.

While making assumptions about when we might hit terra firma, it (could have already happened) is risky modeling for where crude will be at the end of this year and in the ensuing years, is not much of a mystery.  Crude oil will be higher when we ring in New Year’s 2016, and it will be even higher over the next three years.

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