John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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isopatch

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sixty2nds

To: isopatch who wrote (17541)	1/6/2016 1:25:31 PM
From: John Pitera	3 Recommendations Read Replies (2) of 33421

Gary Heminger CEO of Marathon is being interviewed a few minutes ago and he commented that $30 crude is very feasible in the near term... and with all of the supply still around I hear quite a bit of acknowledgement from the seasoned market observers that I feel have credibility realize that we can overshoot down into the twenties.... and when I talk to the majority of everyone else they just don't believe it. as Gary says he continues to see significant inventory come in. Russia, Brazil, Saudi, and a few other non OPEC companies have been producing more crude than last year. JP

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