Does that mean the price is never going up? Of course not, as of today the price has risen to over $50 on speculation and an oil strike, but ultimately, these will not hold up, since should there be some production removed from the world supply, there are many producers only too happy to step in and fill the void. Remember, this is a battle for market share, any openings will promptly be filled, especially openings with a higher price. Doesn’t mean it happens overnight, but it’s unlikely we’ll see a price above $60 for a long while, and if we do, there’ll be a scramble to sell into it..
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