March 17, 2017 – CNBC
The expert that called oil’s decline just said these lower prices are here to stay
By: Elizabeth Gurdus
United States oil producers are behind oil's current lower prices, which are here to stay for the foreseeable future, oil guru Rusty Braziel told "Mad Money" host Jim Cramer on Friday.
"If we look forward for the next five years, the forward curve of crude oil in the United States is at $50 flat," the president and CEO of RBN told Cramer. "It's the ingenuity of U.S.-producing companies. We've learned how to produce...