Oil – when will be the bottom?

My forecast of the floor is USD 35. But it is going to test USD 30. Even though USD 30 is even not able to justify the investment.  USD 70 is the cost of a new production.

Anything goes up too high will come down. Anything plunged too low will rebound.  On the other hand, low energy price also spur growth.  High energy price will lead to industry growth that spur grow as well.  Energy is definitely an element of growth.

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