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overtheedge
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Here's What Will Send Oil Prices Back Up Again - Oilprice.com - oilprice.com

"Admittedly there has been a production surplus since the beginning of 2014 but that is nothing new and is forecast to be back in balance by the end of this year. The increased production, then, is in response to increasing demand; hardly a recipe for a protracted period of low prices. "

Yes, increased demand when wages have flat-lined for years.
Perhaps you think bunker oil feeding the Baltic Dry Index will pick up the slack?
Have you looked at what is sitting off of Long Beach?
Maybe its that sub-prime Cadillac Escalade buyer fraction.
Yah, that's gonna be a long term trend to invest in.

Yes, prices will rise.
Demand will fall.
And we all eat snow-cones with the sugarplum fairies.
Okay, I'm kidding about sugarplum fairies.

Forecasts are like forward guidance.
You only have to convince a few of the deep pocket crowd to turn a nice profit and secure your bonus.
Oo, maybe the problem is I ain't a pimp.

Commented 3508 days ago

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Beginning of the headline :Oil's rapid decline since August of last year has been dramatic. To listen to some commentators you would also think it is unprecedented and irreversible. Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. From June of 2014 until now, the price of a barrel of West Texas Intermediate (WTI)... Read More

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