bzh1111

Forget $100 a Barrel - Oil Will Plummet to $30

interesting point about refiners but more link to the crack spread than the driving season. So far for refiners, i have check on bloomberg, business a bit down but nothing extravagant.

Forget $100 a Barrel - Oil Will Plummet to $30

worth a comment...with Oil at $30, I am not sure that any President would push alternative energy but more importantly...oil demand slowing? wrong...again look at the numbers DOE data: Gasoline inventories are down from 2845k to -6394k since July, 18th...lowest level in a long time. Stop watching the news...Oil is now trading on momentum not fundamentals...next level 110$ on crude then $100.