| | | Both the Russians and the Saudi Arabians are fairly good at what they do, and most times not worse than anyone else.
Reasonable to suspect unspoken collusion between the two to take down the USA shale industry whilst pretending to fight for a few weeks. They are knaves but not morons.
Team USA must and shall likely engage more, by both monetary (drop trou on interest rate, as now doing) and fiscal (build strategic reserve, as now doing), to save the empire.
All good for the non-combatants, the users of crude, and good for us, the buyers of XOM. So good for the greater good. I see nothing except good, good, and more good.
Would be nicer if can have sense of ultimate low, of this round. Oil, unlike gold, cannot go to zero.
We are now hopefully closer to ultimate-low than not.
I can sense what could have happened to Jessie Livermoor, the master en.wikipedia.org
and keep in mind the admonition. |
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