Quote:
Originally Posted by Cowboy89
What analysts and research houses are saying is $70-80 is on the optimistic side long term (in a year or two) and Short-term could tumble as low as $30, but not due to fundamentals but rather a continuation of panic selling and overreaction this fall/winter before an ultimate recovery. A $50 swing is pretty big, but in my opinion expecting a $150 upswing so much so as to base legislation and government policy around it happening would be the definition of insane.
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Agreed... I heard slightly more positive numbers in the $70-90 range by the end of the winter if all goes well. Of course, things could change still.