OIL topped at $52…how low will it drop this fall?

Episode 198: Link to free PermaEthosTV Q&A session:  https://vimeo.com/ondemand/petvpresentations/176546390?autoplay=1 Oil reach $52/barrel in June and collapsed to $39.50 last week.  Peak summer driving will soon come to an end; Canadian wildfires have burned out; Nigeria is stabling; OPEC isn’t cutting; and most importantly the US shale oil producers are lowering their costs. Looking back to the oil glut of the late 1980s, prices took about a decade to stabilize and rise.  I assume we’ll see something similar during this oil correction.  Prices are likely to swing between $30-$50; with temporary extremes down to the $20s or up to the $70s. Petrodollar article from April ’16:  http://www.investablewealth.com/its_still_all_about_oil/ ————————————————————– 10 Wealth Building Principles:  https://www.wealthsteading.com/category/wealth-building-principle/ Full archives are available at:  https://www.wealthsteading.com ————————————————————- Subscribe to the Wealthsteading Podcast: via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr Hosted by John Pugliano. The Wealthsteading Podcast provides stock market commentary and investment insight based on 10 simple wealth building principles. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2016 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah. ————————————————————– UNSUBSCRIBE from this update by replying with the phrase: UNSUBSCRIBE