akapital

Oil to Retest $40/Barrel by Year-End?

ok, that's cool but if you think the dollar will be brought to its knees (as you state in the first part of your article) would'nt the price of oil in dollars rise?

Crude Prices Plunge - UltraShort ETF Positioned for Profits

Some thoughts:

nearing $70 a barrel supply destruction will begin to kick in (e.g. OPEC will curb production).

oil shorts are way in the money and likely to take some profits

Demand in emerging markets (less susceptible to current crisis) will continue to rise

Winter is imminent in the Western Hemisphere

Peak Oil?

We shall see...