Barron’s writes that oil prices will drop to $75 a barrel. TheStreet senior contributor Dan Dicker tells Joe Deaux that while he understands the argument, the financial magazine misses a few points. Dicker explains that oil prices have been supported by the technology enhancements in “unconventional” oil plays, which will continue. Dicker also says Barron’s forgets to note the demand profile for the rest of the world. Dicker also explains why $100 oil is here to stay.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
