JPMorgan predicts $380 oil on worst-case Russian output cuts

[Overnight]

Not sure what you're looking at, but crude stayed around the $50-65 range in 2019, and that was with one of the most robust, booming economies ever.

This is what I was looking at. Up until Thanksgiving 2021, the movement looked normal.

 

[zdreg]

It got back to 2019 levels with some up and down vol until Thanksgiving 2021. Then it went nuts north. But it is NOT going to hit near $400 per barrel. Nope, nuh nuh, will not happen.

Maybe with the collapse of the currency known as the $US it will go much higher than$400.

 

[RedDuke]

Maybe with the collapse of the currency known as the $US it will go much higher than$400.

not going to happen any time soon, talking about collapse of USD. The reason, there is no viable alternative on horizon.

 

[Scataphagos]

I agree, but ESG and Biden pretty much fall in the same ideological camp.

99% Biden's fault, Hope voters remember at mids.

 

[FreeGoldRush]

It's not accurate to say JP Morgan predicts $380 oil. They indicated that was a worst case IF Russian energy did not leave Russia, but they are not expecting Russia will stop exporting energy.

 

[Overnight]

Maybe with the collapse of the currency known as the $US it will go much higher than$400.

If the USD collapses, then what is the cost of oil in...Something? It will not be $400 USD, because the USD is gone, remember?

So what will it be in Polish Zlotky?

 

[easymon1]

USD. The reason, there is no viable alternative on horizon.

Good Times! Invigorating!

 

[The_Krakenite]

Biden's spin: "Make America shit again."

I guess Cathy Wood can at least use him to save grace on this failed prediction:

 

[zdreg]

If the USD collapses, then what is the cost of oil in...Something? It will not be $400 USD, because the USD is gone, remember?

So what will it be in Polish Zlotky?

Good call. Better 3 million Ukrainians than 3 million Mexican immigrants.

 

[zdreg]

not going to happen any time soon, talking about collapse of USD. The reason, there is no viable alternative on horizon.

When the tipping point happens viable alternatives will rise up. It inevitably does.