Akash Prakash: An alternative scenario for oil
Just about everybody has now thrown in the towel on oil prices. Despite many observers believing that we are in the midst of an oil bubble, oil prices refuse to come down on a sustained basis. Prices seem Teflon-coated, and despite global economic weaknesses, chances of rising interest rates, attempts to talk up the dollar, etc. oil prices refuse to cool down.
The bull case is very clear