The highest oil supplies on record are sloshing around the markets, oil analyst Peter Buetel tells CNBC. Absent financial players buying commodities as a safe-haven from debased currencies, the price of the commodity would be around $10, he concludes.
4 Responses to “Oil supplies argue for $10 oil: Analyst”
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AUTOREFRESH 
Hi Jamie,
He means that oil would be $10 pb?
He is for sure gets paid as an analyst,,, If he can become an analyst, I have a bright chance too
ta
ams
Either he is having huge shorts on oil or he wishes to buy oil well, but only possible when oil reaches to $10.
Too much stress.
I agree 10 bucks is highly unlikely. But we do realize now that there is well more than a century of economically viable natural gas in the ground, probably much more. And I think it’s Qatar, maybe, that is set to test fly a jetliner on the stuff (liquid jet fuel produced from natty gas). Oil as a haven might not be so safe after all.