Great advice! Oil can go down to $10, maybe even $5 or lower!! There is so much oil in the world, and no one wants it. They are running out of space to store it!! And there is a worldwide recession, and demand has evaporated!! Add to this the fact that everyone is going solar and cars are going electric. In a year or two, there will be no need for any fossil fuels!!
before baker rig count.
There was a lone wolf attack on Saudi oil pipeline central. Failed. But you bet there would be better organized attack on the Saudis anyday now. ISIS is bound to move in .
I agree. Even if wrong, the risk/reward is now skewed to the upside. I'm a long-term holder at these levels. Don't need to be right tomorrow or next week or next month.
There goes sissy boy liar Johnboy2680 telling you to sell near the low again. The reason why he deleted every single message that he posted from 1/1/15-8/28/15 is to hide the amazing amount of money losing trades that he had posted. He has every right to be ashamed of what a clueless stock and market ignorant liar and loser he is.
This entire spike was short covering and instability in Yemen with Saudi solders reportedly going in. Down she goes.
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I agree. At some point, it's going to cost more to actually ship it. This has to level off and fast.
It may get there & then some.
My trigger finger is itchy but waiting for mid 50.
He will, but tomorrow is another day. Pretty Funny Iran would make the statement they did while calling for an emergency meeting at the same time. What is there plan? We pump full out but you don't?
Yea, right? Admittedly I got in a little early but holding on even though we're currently pulling maximum g's. I guess no one is ever going to need oil or oil companies again. I'm staying