Not hard to see where share price going from here for those that
have 'kept the faith'..after all we have at least 2-3yrs to assess
as shareholders..the total incompetence of I.E.A in regards.
to being able to assess where the "true" oil balance is at
at any given time...because there is always the fundamental
fact that China..at around 8barrels/day/capita consumption
and India at around 3barrels/day/capita consumption..as against
'western world'..at around 20-30 barrels/day......
You do the sums... if China and India decided to catch up with
the west at same time ..looks to me like .$200/barrel..
Cheers..
AKK Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held