Oil Guru (And Bull) John Hofmeister Says $20 Per Barrel Oil Is Possible

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Mar 17, 2015

Contrarians everywhere are looking to the beaten down energy sector.

A frightening word came this morning from John Hofmeister who admits that $20 per barrel oil is possible.

He does note, though, that a price like that wouldn't last long, and he sees the market balancing in the summer thanks to the big cut back in drilling.