With the economy faltering, and oil demand slackening, do you think we could see prices below $40 per barrel?

Sometime in the next 6 months?With the economy faltering, and oil demand slackening, do you think we could see prices below $40 per barrel?
No. The Arabians are holding their meetings a month earlier to discuss the output of their oil fields. They will hold back their oil in order to drive the prices up. It will not go below $40.00 a barrel. I can't see that happening with the oil rich Arab states in control of the fossil fuels.With the economy faltering, and oil demand slackening, do you think we could see prices below $40 per barrel?
another prediction,$57 a barrel is hard deck for oil prices if it hits that target ,buy,if you listened to me on the market you bought in at just below 8000 and should be doing well enough to get in.,good luck my friend.
Yes maybe if we are lucky how ever if oil is $40.00 a barrel don't expect to pay $1.35 9/10 for gasoline like in 2000 think more like $2.00, or $2.10 because we closed down 65% of our oil refineries causing a gasoline demand..
Of course because without the demand there is no reason for large scale productions.Also with alternative energy sources coming on stream fossil fuel but surely becoming less popular.Oil is on the verge of becoming obsolete
Nope! Wait until after the election,they will rise again.It may go as low as $65.00 dollars but thats it(I guess that makes me a speculator now!)
Dream on. Double that and you may just be right.


Edit Yes but 6 months is a long time away.
I will be positive, yes it will go down. If they think we have accepted high prices, tuck our tails between our legs, they win. Yes, yes, it will go down
You cannot justify a figure......It's all about supply and demand.