Subject: Re: Barron’s is Bullish
A difference of opinion is what makes a market.

I posted a link to an article, on the Policy board, stating that the Treasury Dept is using $100/bbl as it's "baseline" estimate "for some time".

White House senior staff and administration officials are discussing the possibility that oil prices climb to a record $150 or more per barrel as the Iran war drags into its second month, according to a person familiar with the conversations and two people close to the White House.

President Donald Trump has also heard from Treasury officials about the near-term outlook for energy prices, which the department now sees as likely to remain above $100 per barrel for some time. According to the person familiar with internal discussions, the administration sees that number as “a baseline” and isn’t ruling out the possibility of prices rising as high as $200 per barrel.

The oil price discussions are largely being run through the National Energy Dominance Council, a standard policy coordinating committee that includes the Defense, Energy, Commerce, State and Interior departments,

https://www.politico.com/news/...

iirv the highest print, in July 2008 was $147. Using the BLS inflation calculator, that is about $214 now.

Steve