Oil is low, not for long

You got to read this feature
Exxon Profit Falls to 5-Year Low
According to Bloomberg, Exxon shows its lowest profit as a result of low oil prices. Now, experts agree that from year to year it gets harder to explore new oil deposits and production of oil becomes increasingly costly. It is true not only of Exxon but all oil producers. We got to admit that era of cheap oil has irretrievably passed away. You know what this means? This means that current oil prices simply cannot stay that low. If case oil producers fail to raise the price of oil they get bankrupt! This is market, baby. Of course oil market is too complicated and it is certainly not very easy to up and raise the price. And yet Exxon has wide connections in US government so I’m sure they’ll manage something. So get prepared to high oil prices. Here we go again!