“Most analysts, in his words, predict that the price for WTI oil will drop to $62 in 2015. We remember maximum oil prices reaching $150 per barrel and remember them to fall to $25-30. When the oil price was at the level of $150 many people thought it would increase up to $200. But I never believed it”, he said.
In his words, extraction of shale oil in the U.S. would stop if the oil prices drop to $60 per barrel.