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.

What’s the Right Price for Oil?

agree on the thesis, but what is the timing?
This depression could last for years.. we are in
uncharted territory, at least for this generation.