MarkMedayski

How Unusual Is a Bear Market in Oil?

The analyst that wrote in USA Today Crude Oil is in a bear market,bust be stupid same as all the others who believe such idiots.
The Oil is in a baby bull market that only gets first feathers,first small wings,learns his first song.
Somebody who wants to sell today Crude Oil at 113$ per barrel,better go and hung himself,as he is going to lose everything.
In real terms CL is at the same price it was in the 1970's,if one thinks since then there are more oil on the planet earth and nothing has been used since then and dissapeared into the atmosphere forever by burning,must be at least crazy.
The global oil reserves probably declined since then by some little change and even if demand stayed the same (did it?) the 113$ a barrel is more than the undervalued.Think again if you want to make money going short energies,already if you are bear in nature,like me,use your money shorting the Dow Jones with 20% margin required to sleep well at night and I promise you will have a lot of fun.