Yes and no, the number of other factors involved is just too much to make any accurate assumptions at this point. As you said, "we've cut back and strived for more efficient vehicles and alternative fuel vehicles". This means that more people now have vehicles that use less fuel which lowers demand. People have been forced to learn how to save money and fuel (personally I like saving money now) and this mentality will remain for many years. this creates the stress of having to cut back on production across the board, many companies will be using less energy and doing less exporting (less demand on fuel).
As much as I can’t trust these "weather man" analysts anymore I did hear just today on my way home from work on NPR that there is a prediction that oil will sell for lower than $25 by next year.
You can not sell something at a high price, piss everyone off, lower the price after you sucked those people dry, and then raise it way up again. Everyone will think they see the same trend forming and do what they did when we saw the first drop in oil prices. Only this time they would do it sooner and be more angry.
Plus those who speculated and invested in oil futures have had a hard run, and will be less likely to speculate as much a second time. you might see some short swing highs from people trying to make a quick buck investing in oil while its in an up trend, but based on past experiences those people will probably sell it off quickly.
As much as I can’t trust these "weather man" analysts anymore I did hear just today on my way home from work on NPR that there is a prediction that oil will sell for lower than $25 by next year.
You can not sell something at a high price, piss everyone off, lower the price after you sucked those people dry, and then raise it way up again. Everyone will think they see the same trend forming and do what they did when we saw the first drop in oil prices. Only this time they would do it sooner and be more angry.
Plus those who speculated and invested in oil futures have had a hard run, and will be less likely to speculate as much a second time. you might see some short swing highs from people trying to make a quick buck investing in oil while its in an up trend, but based on past experiences those people will probably sell it off quickly.
