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

To: robert b furman who wrote (18113)	4/11/2016 8:33:02 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Good evening Bob, I agree with your analysis. Bloomberg's site and video channel provide very good insights into the markets and the world. One of the very wise Global Macro money men, I am trying to remember exactly who it was ... commented at the about 3 months ago that there is over a Trillion Dollars of private Equity, large institutional and wealth office types that are looking to purchase energy sector assets at distressed prices. All of that money will keep the output higher even if we see a series of restructurings and bankruptcies that eliminate the current equity owners but will be scooped up and the production will continue at the lower cost basis. The best case crude in the rest of 2026 is for material further weakness in the USD as that is what Crude is denominated in. John