Of similar concern is the chance the Fed in the US cuts rates and does QE4--with the recession risk (if they're not there already) down there, it's looking increasingly likely, which could send our dollar soaring as well and send the US dollar plummeting due to lack of confidence in the US economy and their central bank. There's huge debt in the shale industry down there.. if production drops significantly by mid-year, $50 will easily be attainable, if not higher. I mean, the odds of rate hikes in the US have dropped significantly in recent weeks.. and their dollar has stopped rising vs. the Euro and Yen.. the only currencies it's risen against recently are the British Pound and commodity currencies such as ours.
And betting money on that--are you referring to the oil price? I expect it will be much higher than the $28 it is right now.. especially if OPEC decides to cut production, as current levels are causing cutbacks in spending on new production..