Citi: Oil Could Plunge to $20, and This Might Be 'the End of OPEC'

[Ohene]

As they say, a bottom is usually a process, not an event. My guess is this down cycle takes through 2017 or 2018 to complete. Interesting to see what happens to the Texas economy. We've been living too good the last decade.

no way.

yall are bugging. its too early to say but i think 45 is the bottom and it cant go below 30. I called it months ago. Below 30 is impossible to me. I wish it would though. Do that and I'm scooping every major O&G player / exploration ETF out there.

 

[Piff Huxtable]

US shale oil producers would go bust at $20/gallon oil. Very unlikely to happen.

that's the reason Saudi Arabia is flooding the market

to get rid of competition

Russia is just collateral damage