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Greg Pinelli's
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Oil can go anywhere it damn well pleases...The REAL question is whether anyone with sense will develop..drill....and ship oil at less than $70-75 a barrel????
Jan 07 21:01 pm
|Rating:
+2
-1
All Comments by Greg Pinelli »Oil's Rise Due to Fundamentals - UBS [View article]
I don't pull any punches on Alpha....When oil is below $45 I am a consistent buyer of USO.....
As an aside..I wouldn't be too sanguine about the nat gas supply...shale depletes VERY quickly..and if you think pulling a Ukraine..Russia dance is beyond North American suppliers and your comfy living room..I'd seriously rethink that....None of these people love you...