Are any of you formally trained in economics? Do you have a prediction for when oil will rise above $75 USD a barrel again?
I myself am no economist, and all the economics grads I know are flummoxed over this question. I'm interested in hearing from people who understand oil and big energy.
I know that there is very big speculation around how the Russian airbus downing over Egypt could trigger a massive upheaval in the middle east. If that really was an ISIS-driven bomb attack, it will pull Putin and the Russian war machine into the region again for 'a second Afghanistan'. That terrible possibility could be good for Canadian oil, as middle-eastern oil will become perceived as risky and threatened.