Anabase

Why I'd Buy Physical Oil, Not Energy Stocks

i guess most of SeekingAlpha contributors are either American or at least anglo-saxons. please look around you. Yes Oil contracts are now denominated in USD, but thinks are changing, and relatively fast. Decorelation is moving. On the other side, crisis inducing low consumptions (though tough weather in Europe contradict it), States rebuild their reserve at his low price, but consumption will peak up at some point (else you all believe in a total economical collapse). Now look at the producer side. Except venezuela and russia, all middle east will be ready to reduce the production further more. The driver behind is less the fact that they want to control the price than the unfortunatly missing fact that their reserves are heavily overvaluated. And they prepared themselves since a while. so now enjoy commenting, dear mates