Suze Orman: This cost of getting older will ‘shock’ you if you’re not prepared

Why $100 Oil Looks Possible Again

The main reason that oil is likely to stay high is that OPEC members are willing to hold back some production in return for consistently high prices. A year ago, when U.S. oil was below $40, it seemed hard to imagine that oil would bounce back to $60 a barrel. “I’m a firm believer that we’re going to be an $80 to $100 scenario over the next several years, if not higher,” said Pioneer Natural Resources CEO Scott Sheffield on the company’s earnings call this week.

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