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Karl W Miller's  Instablog

Karl W Miller
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My company:
NEAH Energy
  • U.S. Floating in Oil Storage and Giving Away Natural Gas: Oil and Gas Overpriced 0 comments
    Apr 3, 2011 5:47 PM | about stocks: CHK, DVN, EOG, APA, APC, SWN, SD, HK, CVX, OXY, XTO, XOM, MRO

    Market has excess oil supply and giving away natural gas due to massive over-production in the U.S.

    There is no shortage in the U.S., we are full up!

    Only thing holding prices up is cheap money from the U.S. Federal Reserve, which is fueling tremendous speculation by the Banks and Hedge funds, due to leverage available to them.

    Thank Uncle Sam for the "Artificial Inflation!" 

    Themes: natural gas, oil, energy, fracking Stocks: CHK, DVN, EOG, APA, APC, SWN, SD, HK, CVX, OXY, XTO, XOM, MRO
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