OIL OIL OIL
Where does she go from here?
Well, I'll tell you this. Its not going to 300 like some JP Morgan Pundits Say.
Hell, Even GS is smoking the good crackpipe these days.
Personally. I see a drawdown to a low of 75. With the Dollar and refining costs the way they stand..not much way to stay profitable under 60 pbl.
***WARNING*** Personally, Other than a total outbreak of WAR in the EU because of costs associated with supply and demand. Glut is not longer a concern.
Geo-economics and Political Socioeconomics may help. In reality, The recent Supreme Court Reversal in the USA is a way to keep John Q and the Retailer out of what's really
happening underneath the vail.
We will NEVER see oil under 20 buck again. The fact that big oil had to band together and short WTI so bad ......it hit 1880's prices and Delta Contract Levels not seen since 1947
Friggin Crazy. All I can say is Buckle up. Volatility is here to stay.
My Colleges follow DXY substantially. They seem to believe that the Dollar will go back to 1960's levels . I've seen the technical. Their theories seem sound!
Well, I'll tell you this. Its not going to 300 like some JP Morgan Pundits Say.
Hell, Even GS is smoking the good crackpipe these days.
Personally. I see a drawdown to a low of 75. With the Dollar and refining costs the way they stand..not much way to stay profitable under 60 pbl.
***WARNING*** Personally, Other than a total outbreak of WAR in the EU because of costs associated with supply and demand. Glut is not longer a concern.
Geo-economics and Political Socioeconomics may help. In reality, The recent Supreme Court Reversal in the USA is a way to keep John Q and the Retailer out of what's really
happening underneath the vail.
We will NEVER see oil under 20 buck again. The fact that big oil had to band together and short WTI so bad ......it hit 1880's prices and Delta Contract Levels not seen since 1947
Friggin Crazy. All I can say is Buckle up. Volatility is here to stay.
My Colleges follow DXY substantially. They seem to believe that the Dollar will go back to 1960's levels . I've seen the technical. Their theories seem sound!
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