Jason Schwarz

OPEC Signals U.S. Rally

To all you oil bulls, I'm sorry to say the run is nearing an end. Schwarz is right on the money. The high price has hurt demand, the smart money is selling out of commodities and into tech. In a few months when oil is back in the $70's you'll all be saying, where's the world wide demand? The fact is, you've been duped by the oil guys who have used the supply/demand problem as a rational excuse for high prices. Oil speculators have played this game perfectly, just listen to Khelil's statement. There is no supply problem!