Ed Morse from Credit Suisse in a new interview on oil argues that markets are currently well-supplied, and we’re likely to see prices stay “range bound” — $65- $90, with an overage around $75 — over the next three years. Smart observer, so usually worth a watch/listen. A key proviso from Morse, however: Most of the tail risks in the oil market have potential to spike prices much, much higher.
Morse: “Range-Bound” Oil, But Big Tail Risks
By June 9, 2010 · ··