Oil Price - Jan. 10 (Phil FLynn

[k1f]

Phil Flynn scoffs at the wrong-way bears: <<http://www.321energy.com/reports/flynn/current.html>

He anticipates a super-cycle:

<<Drill Baby Drill! Except in Florida! The Trump administration has exempted the state of Florida from all plans for offshore drilling for oil and gas. It came after Republican Governor Rick Scott raised massive objections. But I think he is ok with drilling off the coast of California. Of course, with the way oil supply is tightening we may need to invest quickly in offshore production to head off the shortage that is coming 5 years down the road. Super cycle the sequel. >>

[dan_s]

The IEA's next Oil Market Report s/b released within the next few days. I am hoping it confirms some of the supply/demand tightness that Phil is talking about. If so, WTI should move steadily toward $70 this year, which is RJ's forecast.