jepittman

Gas Prices Not Expected to Come Down Before Year's End

with inventories here at decade highs I fail to see how a temporary 100M bpd production interruption spikes prices. Also, how many barrels a day has NOT been shipped because Kim Jong is feeling neglected and needs some attention? All this stuff does is spook traders to buy (or sell) for short term moves. What long traders need to beware of is a ticked off gasoline consumer who learned how to get by with less gasoline during the last price spike and is perfectly capable of repeating the exercise.

Bullish Amid Oil Majors' Lay Offs

An awful lot has been made of 'geopolitical events' limiting oil flows. Has anyone really calculated how much oil has NOT come to market because of 'geopolitical events'? IMO this is more fear than reality.

I am in agreement that supply cuts now will bring higher prices later. Perhaps sooner than many think. Markets anticipate quite well and the discounting can begin long before the fundamentals are obvious. Supply cuts by producers are REAL unlike imagined or feared forced cuts caused by 'geopolitical events'.