It's been some time since I have posted, and several years since I dared to make a prediction regarding the price of oil.
My last forecast was for 2012, and I thought oil we be around $100.00 a barrel. That prediction was a little high, but not by much.
Now that oil has dropped down to half of that, I will go out on a limb and say that for 2016, the WTI Oil price will be around $60.00 a barrel.
It's been in the $50.00 range for most of 2015, and it really should hang around that or even lower, as no one seems to be halting production. But, I just feel it in my bones that it's going to inch up a bit.
Now, as for predictions for the shipping industry for 2016, I will have to put on my "thinking cap" for a bit.