bc818

Contango and Cheap Brent Oil

Let me get this straight... Oil & gas consumption is cratering, OPEC is reducing supply slightly but not nearly enough, and oil suppliers are being incentivised, through arbitrage, to store the surplus oil. So, either demand needs to return to last years levels (highly unlikely) or OPEC needs to drastically cut the supply (somewhat unlikely), otherwise oil drops more eventually leading to $1 per gallon gas and the death of the green movement......

$25 Oil Could Happen Before a Return to $100

Quick everyone go buyback your SUV......