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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (103786)	2/11/2016 10:00:47 AM
From: robert b furman	Read Replies (2) \| Respond to of 207821

I think we need to see some BK's before it is allowed to level off. SA has done this for a reason and they've paid a big price. The only thing to save the price of crude is supply destruction. I think shale will hang over crudes price for a very long time. BK's will enable crude to be recovered by the strong with a new low price cost basis. The jeanie is out of the bottle. ME war would / could reduce supply. Seems much more likely with arabs fighting arabs and russia in between. We'll see some one pull a Saddahm on oil wells much like he did in Kuwait. Then we'll see price recover for a while - heck a b wave is due sometime. Bob