See Why Crude Oil Price Will Stay Low All through 2015 and About Mid -2016

 Now, a lot of people don’t understand what’s going on  and they dont know what causes the low crude  prices ? and they think that OPEC is trying to punish the US Shell players and that’s not it at all. OPEC did nothing, nothing, they just didn’t cut production and they’re doing it for two very important reasons.

Number one, they’re sticking a knife in Russia’s back while Russia’s down because they got really upset over the whole Ukraine thing. Number two is they’re punishing the other OPEC members that went rogue that didn’t cut production eight months ago when they asked them to like Brazil and Venezuela.

So, keeping oil below $85 a barrel is destroying Russia’s economy and it’s destroying Venezuela and Brazil as well, so that’s what’s going on. We are predicting that those crude prices will stay low all through 2015 and about mid-2016, it will get back up to $85 a barrel