Harbert Are you sure that it is an oversupply or problems with the refinery maybe.
I don't have a clue but I thought Iwould just throw that out. You would think these guys that write, if they deem themselves analytic writers, would put it all together so we could have a comprehensive view. It looks like we could have a real winter coming upon us and heating fuel will be in demand and this will help drive the refineries.
I did not see in the article or in the comments anything about the hedge funds affect on this current price. I don't think they have been completely flushed out and I think oil could go a little lower between now and the first quarter. After that fresh money will start coming in and I think you will see oil trend back up - especially when th edollar starts to decline from all of the stimulus.
The tanker storage is not something new. That has been a recuring matter.
Also not a word about Mexican oil drying up in the next five or six years.
Oil: A Slippery Slope Ahead? [View article]
in.reuters.com/article...
See how easy that was Andy?
Oil: A Slippery Slope Ahead? [View article]
Are you sure that it is an oversupply or problems with the refinery maybe.
I don't have a clue but I thought Iwould just throw that out. You would think these guys that write, if they deem themselves analytic writers, would put it all together so we could have a comprehensive view. It looks like we could have a real winter coming upon us and heating fuel will be in demand and this will help drive the refineries.
Oil: A Slippery Slope Ahead? [View article]
The tanker storage is not something new. That has been a recuring matter.
Also not a word about Mexican oil drying up in the next five or six years.
Amdrew Mickey should be a used car salesman.