yup, still here, doing fine. I don't post so much these days, as I trade very little. Just happy with my BRK and some blue chips. Taking a flyer on FXE,posted that a few weeks ago, so far , so good, but its risky. see you are still battling the madrassa :-)
they're on to something,but its not new.......unfortunately....lately the "manterruption" has started to open some eyes....I could write books on that one :-))
supply glut to some extent,but why ? Saudi's wont cut supply, despite OPEC opposition as they "owe" USA for bringing the war to ISIL, camouflaged by flying their own airforce on day 1 ,but haven't seen any action since. The bonus is, that it crashes the Russian economy, payback for Crimea.
it will end only when the impact to our smaller oil producers having to shut costly wells outweighs the benefits of cheap oil to the USA, and the general developed world economy.
Once again, we pay for cheap oil, in our military blood.
La plus ca change, la plus ca reste la meme chose......
I think I read in one of Lewis' books that over 80% of trading is accounted for by just a few major players,using computer algo's , so that would probably chime with your view.
The "non explanations" on oil prices falling and staying down are the ones that have me giggling the most.
never really dabbled in that, Sean. Straight buys and sells are more my line, with a reasonable divvy if I'm not buying BRK. I've dipped my toe in HAL,and I have a limit in on RIG. I did add recently to BP,more for the divvy while I wait, as they have recovery issues from the oil spill, and difficulties with Rosneft and Russia,but still a reasonably good company in the sector.
given my previous posting on here that I fully believe the price per barrel is being held artificially low, eg we are fighting Saudi's war against ISIS, they wont cut production to give us cheap oil, and the US/EU get the bonus of shafting russia and reducing their oil revenue.....yeah, I'm a geo-political cynic....I have started to look at the oil and gas sector. Stalwarts like HAL, RIG, BP (a tricky one) are appealing.... anyone else dipping their toes in here? The unholy alliance will bust at some point and oil prices will bounce back...
saudi's wont move on oil ,much to the angst of other OPEc'ers, cheap oil is the deal for action against ISIS, the saudi's flew a couple of show missions, but as usual we are trading our blood for their treasure.