December 6, 2016 – CNBC
The guy who correctly predicted the fall of oil prices tells Cramer where crude will trade in 2021
By Abigail Stevenson
Jim Cramer has interviewed countless members of the energy industry, but he says there is only one guy who correctly called the bottom for crude and predicted the trajectory for oil prices, RBN Energy President Rusty Braziel.
Unfortunately, Braziel thinks an administration under President-elect Donald Trump means the oil and gas industry is going to get things done — which could be bad news for oil prices.
"Even under the Obama administration they got a lot of things done. They got so many things done that they crushed the price of oil and gas ... now we're going to get more things done. Does that make you a little uncomfortable?" Braziel said to the "Mad Money" host on Tuesday.
Looking at the forward curve, Braziel predicted that the price of oil will be $56 a barrel by 2021.