Quote:
Originally Posted by Leeman4Gilmour
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The industry is definitely building in a structural supply deficit. When demand grows (or if a supply source becomes disrupted) I think prices are going to snap back hard. It might not be until 2018 though.
These low prices are probably the best thing to help spur demand though, particularly in China. Heck, I think Saudi's motives were more about spurring demand in China than it was spiting Putin or Iran or anything like that.