Between the huge influx of crude coming out of Texas shale fields and forecasts the gasoline-powered car is headed for extinction, it’s not hard to see why some investors are betting low oil prices are here to stay. But one prominent analyst, Bob McNally, president of the Washington-based Rapidan Group, is warning all those naysayers are wrong and oil is headed back to $80 or even $100 a barrel.
Source: FuelFix
