Analyst: Oil Should Be $10 A Barrel

Illustration for article titled Analyst: Oil Should Be $10 A Barrel

No, you didn't misread the headline. Energy analyst Peter Beutel thinks the price of a barrel of oil would be just $10 if it weren't an investment instrument because we've got more of it than ever. [CNBC]

DISCUSSION

will-alib
Turbineguy: Nom de Zoom

I know oil speculation inflates the cost a lot, but didn't think $10/bbl was realistic. I haven't heard anything about the SOS (stop oil specultion) movement in a while. Did that legislation ever get passed?