Quote:
Originally Posted by DateDoc
it will be in the $75 - $90 range by the end of the year.
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Or less....
An Indian refinery will come online this fall. The U.S. is predicted to be it's main customer in conversion of oil to gasoline. It's the biggest refinery in the world.
Once that comes online, that should end the "glut of crude" (i.e. the Saudi's supply and demand arguement), and not enough refining capacity.
