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Energy guru: Crude oil to collapse to $20 on supply glut
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Thursday, July 16, 2009
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By Daily Crux Editor Brian Hunt:

Philip Verleger is one of the most respected energy analysts in the world… so it's always worth noting when he makes a "big call."

This week, Verleger is making a big call. He thinks the supply/demand situation in crude oil could send oil down to $20 a barrel this year. Verleger cites a potential crude surplus of potentially 100 million barrels this year as cause for the collapse.

Read full article...

More on crude oil:

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Why oil prices could drop $10 a barrel in just weeks...

Jim Rogers reveals a crude oil investment you've never, ever heard of

The best history of oil:

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The past 3 years in crude oil:

Topics: Energy | Short Selling | Commodities
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