scotty1560

Why Is Oil Trading at $53 When Supply and Demand Is So Bearish?

I'm long term bullish oil, just not as sure about the next year or two.
Not convinced that the equities or real estate markets have bottomed.

Bailout stimulus is bound to boost the economy for a quarter or two, however, long term organic growth is something that seems hard to envision over the next few years. I'm also not sure how much burden the average middle class person can absorb, check out how NY is raising all the tolls on subways and commuting, it is stunning how our pathetic leaders keep going after the average guy.

We will witness a major collapse in our country, and we are all well on the way to witnessing it. We are in the third or fourth inning.

Crudomania Is Over

$20 a barrel to $70 a barrel...wow...that's a lot to think about..

There are more countries joining the machine and auto era in the last 10 years..
and it appears China has formed stronger alliances with more oil partners in the
Middle East than the US...we will regret that imo....also expecting much more
violence in the world...bad economies tend to make people testy...a cloaked
version of World War III is on the table imo...economies need resources...

On the other hand...if oil stays below $30 for any length of time that I would
interpreting us and the world as collapsing into depression scenario...
oil is so linked to growth that one would say we are in deep do do....

$40-$65 makes some sense to me...keeps the producers happy, yet
still affordable for our country....$25 a barrell leads me to think the
dow and gold are going to get cut in half....which they might..we live in
interesting times and are probably in round 3 or 4 or a 9 round fight..
hard to say the outcome on this one...