themackattack

Oil Inventory Nears a 20-Year High: Does It Matter?

I have to believe that commodities, oil included, ultimately must be driven by supply and demand. So far, it has proven untrue in the case of oil. At this point, I'm assuming a market driven assumption that the summer will drive up oil and gas demand.

By June I will either be vindicated or will join the other side.

It's a Recovery, But Not as We Know It

Excellent article Sean -- its this type of insight and analysis that helps me keep my senses when the world around us is filled with short term illusions.

Personally, I think we could see a crazy run up as far as 9k or an outside chance at 10k before reality sets in. However, the underlying facts you've pointed out are critical to keep in mind, and while its great to take advantage of senseless rallies, market volatility and downside risk are as present and likely as ever.