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  • Crude Oil Inventories: I Can Tango, Can You? [View article]
    Based on that bottom chart, I'd say that it looks like OPEC hung themselves out to dry... Every time the price of oil spiked, they upped production. Every time they upped production, oil dropped. If they had been more judicious in balancing the supply with demand, then, maybe we'd be paying $80 for a barrel of oil right now and there never would have been that ugly spike and they wouldn't be worried about their negative cash flow.

    Re: oil companies going up while oil goes down... It depends on the company. HAL is considered a 'construction company' and falls within the halo of the Obama 'promise'. Other companies are doing OK because the crack-spread is beneficial right now... (Haven't looked lately, but Valero?) and others have just been beaten to death and therefore are now considered 'value plays'.

    jegan
    Jan 08 20:30 pm |Rating: +1 0
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