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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (17459)12/14/2015 12:06:53 AM
From: The Ox  Respond to of 33421
 
One important factor to keep in mind when looking at the monthly crude chart was the move from 90 to 145 was GS and a few others gaming the short players, squeezing them until they cried uncle. It was a totally artificial spike and had nothing whatsoever to do with the underlying demand metrics.



To: John Pitera who wrote (17459)12/15/2015 4:34:12 PM
From: benwood  Respond to of 33421
 
I think ~ a year from now, oil will be dramatically higher. So many wells came online with a very short lifespan, and with virtually no new wells coming on line now thanks to the price bust, it will be a short lived party. Enjoy it while we can.

It would also mean there will be a far bigger trade deficit in a year. That will have ramifications, no doubt.


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