Oil could shed more than half its value to $20, analyst says

Looking at the performance of West Texas Intermediate crude oil CLN6, +1.17%since 1870, Paul Jackson, head of research at exchange-traded-fund provider Source, predicted that prices will tank to $20 a barrel, or almost 60% from its current levels, and languish for a while, before recovering.

DYI Comments:  In my mind the only way oil could reach the $20 dollar level or lower is for all of the OPEC nations especially Saudi Arabia to pump at their maximum capacity and for the world economy to go into a tail spin(recession).  This is a possibility and the probability is greater than one would assume though not guaranteed.

Be a Boy Scout...Be Prepared

If oil becomes a teenager(below $20) this will place oil/gas/service companies on the give - away - table at once - in - a - lifetime prices.  If this occurs I'll be placing a portion of my portfolio into the Adams Natural Resource Fund symbol PEO.  Just something to keep in mind.

DYI