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Hi Mike,I just want it to hold $25,,Both Venezuela(yesterday) and Iran(today) came out saying they would increase if needed to avoid a shortage. They said they didn't see that happening until the March meeting...My take,,they don't want the US selling strategic reserves (I think it's a bluff anyways)to hold crude prices at bay..Why kill the golden goose,they are making big money at 25/barrel..It's politics at play<g>,,the wild card is NG..I'm pretty much looking for a trade, today should tell the tale,I think brent is up in Europe.The longterm key is price stability at a decent level,IMO(if your a longterm buyer<g>).later,DD |
