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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Bearcatbob who wrote (187044)	12/10/2014 7:42:46 AM
From: quehubo	Read Replies (1) of 206093

All the big pick up trucks and other guzzlers being bought now will be on the road for years. OPEC helped support prices over the last few years enabling the easy credit to support drilling. The only surprise over the last few months was OPEC not acting to maintain margins / price around $100. Barring any unexpected impacts to demand it will be higher 6 months from now. Unless the Sunni's want to destroy their other members they wont raise production even if they have it. Rockefeller made similar moves to crush competition and force cohesion decades ago. The only question is what happens to supply in the 18-24 months starting in July 2015.

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