I'm doing a few catch-up posts ...
Tom Kloza, global head of energy analysis at Oil Price Information Service says:
- "Anything beyond the realm of the next 18 months smacks of witchcraft rather than real analysis"
- Sees a more realistic range between $40 and $60 a barrel for monthly WTI averages over the next 15 months
- "Anything north of $60 a barrel brings a return of drilled-but-uncompleted shale wells, and anything south of $40 a barrel probably inspires cuts in some of the larger domestic and overseas projects," he said.