The web site where this is linked is constantly stirring the pot about oil prices. Either they are going to $100 or they are going into the toilet, frequently in the same week. They quote analysts with the same banks and put different alarmist headlines on it to generate clicks.
Nothing has changed in the last two weeks. Oil prices will remain basically where they are and folks with continue to drill wells and make money. This article is just yellow internet business journalism.
Yes, and my question would be the oil to base metal ratios. That would concern me. Commodities don’t seem to be confirming the big rise in oil prices.