http://www.liveoilprices...forecasts-150-soon.html
On Friday 15th going by the volatile trend of oil prices, ERC will most likely increase pump prices by 7 - 9% as per the international price volatility. So I expect to see the prices below.
Low estimate...
Super - 102.5 + 7% = 109.60
Diesel - 94.5 + 7% = 101.10
High estimate...
Super - 102.5 + 9% = 111.70
Diesel - 94.5 + 9% = 103.00
I'm not going to bother with jet fuel and kerosene since the same estimates are applicable...
KQ fuel costs will eat into profitability... The share price will remain depressed...
Industrials will continue experiencing high power costs. This is not helped by the fact that Aggreko has another two month contract extension -
http://www.foxbusiness.c...tract-months-newspaper/
And finally, the CPI or inflation index will spike to the double digits.
Unless the smart guys can come up with a way to overhaul the oil dependency curse immediately, I don't see how oil won't break beyond $150, MENA crisis or not...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!