CaptBob

Crude Oil Going Parabolic: The Good News and Bad News

In the supply/demand market of commodities, oil, and anything else is worth what the top bidder is willing to pay--simple huh??

Anything in a permanent decline will cost more, especially in a market where the value of the currency used to purchase it is in decline for the opposite reason >the quantity of $$'s is increasing!!<.

It's not just OPEC. Anyone in possession of a dwindling commodity is a fool to sell to other that the highest bidder. Christ may turn the water to wine but the Govt. will immediately step in and tax the wine, to the point of diminishing returns, simply because they can!.

Get used to the idea that you're in an auction!.
Those who can, commute by helicopter.
The tier below go by limousine.
Care to share a limo.?
I'll drive my car thank you.
Care to share a ride?
I'll take the train, thanks.
I find riding a bike healthy.
When walking, try to work close to home.

When we smarten up and actually develop and bring to market viable -(the key word)-alternatives, then the piano will start again and all the above will stand--march--and hope for a better-read affordable chair to occupy.

P.S. Except the helicopter occupant will always stay put and not even notice the piano.