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Strategies & Market Trends : John Pitera's Market Laboratory

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To: isopatch who wrote (17347)	11/18/2015 9:34:08 AM
From: robert b furman	3 Recommendations Read Replies (2) of 33421

HI John and Iso, That XMI collapse has to be strongly impacted by the demise of the energy sector. A kiss to a line is just one headline away from a breakout over it. It amazes me that with all of the planes, player, and bombs taking out ISIS's stolen oil properties i.e. refineries and bootlegged truck routes of discounted oil - crude remains in a funk - the product of excess supply. It baffles my mind to think that Putin would not love to take out the oil wealth of Iraq / syria. It has to be a matter of when not if. The Saudi's would equally love to take out this surplus production. It used to be the price of oil would pop up 10.00 if Iraq floated an old boat into the Straights of Hormuz. A coalition of many armed forces is fighting daily and crude slides to 40. It is obvious that surplus supply is waning in the tight oil resources and many parts of the ME ( Libya / Iraq . GOT TO BE A BOTTOM - it is simply one headline away. Why it has not happened yet ? - The powers that call the shots have not gotten long enough yet. When it does happen it will be chasing time - I hate that more than anything.

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