M dub

Winners and Losers from Oil Contango

Getting picked off on the roll, nice - you can't make this stuff up. Even putting aside the flawed concept in this etf, i'll bet most of these retail idiots think WTI futures actually move the world crude market as if they were UST or S&P futures. If there is so much of this dumb american speculative money floating around, how on earth can we even be close to a bottom in US asset prices? Jesse Livermore would be having a nice laugh about now.

btw, isn't Cushing at capacity for all intensive purposes? I don't think there's enough there to crash the spot market but it does make the carry trade more difficult.