"Equity analysts in particular are becoming very bearish," Michael Hiley, a commodities analyst at LPS Partners in New York, said over the phone. "They're afraid that oil is going to zero."
I will watch and waiting tomorrow to add 10k share , some one may be rich when oil bottom.
Last time from 42 up to 65 now repeat again. I will be all in tomorrow
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Yes, but....I was right and you weren't. Who's the moron now, MORON???? Hahahhaaaaaaa
@benlake, if you want long term check out skx, it triple in 1 year check it out.
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"Drillers are devoting more revenue than ever to interest payments. The burden is becoming heavier after oil prices fell 43 percent in the past year. Interest payments are eating up more than 10 percent of revenue for 27 of the 62 drillers in the Bloomberg Intelligence North America Independent Exploration and Production Index, up from a dozen a year ago. Drillers’ debt ballooned to $235 billion at the end of the first quarter, a 16 percent increase in the past year, even as revenue shrank."
Cut spending will quickly lead to less production. How many weeks oil production was up the last two months? ONE. production taper off from 9.5 to 9.2 mil a day in June
Honey I doubled my black gold to get ready asking you mom for her permission. Please wear your traditional towel over your head in our wedding. Don't worry, should oil drop further I have plenty to buy more. By next Sept oil will go back to where its supposed to be at least 55 sweetie.