1600 down to 400 usa oil rigs---that's a 75% decrease in 16 months and will still be dropping hard, this is happening all over the world----OIL WILL SKYROCKET IN PRICE SOON---GET IN LONG USOP OIL NOW---Forget these oilshort speculators and broker talk, OIL MUST GO UP WITH THESE RIG LOSSES---AND FREAKIN FAST WITH DEMAND HITTING HARD---OMG USO UNDER $10 ARE YOU KIDDING ME?? CRAZY great entry---great weekend longs---next Friday---USO $11+++
Russia said on Thursday that OPEC had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help reduce a glut of crude and prop up sinking prices.
The United Arab Emirates' energy minister said the Organization of the Petroleum Exporting Countries was willing to cooperate on an output cut
it will EXPLODE UP Monday, oil will continue up too, let these last 2 weeks of rig reports sink in, and the low 439 that are usa oil rigs left sink in.
to be hit. Then they cut production gradually and methodically with Russia and Iran in an agreement, this is my belief. I just did not think the last 2 weeks would see such devastation in USA OIL RIGS---I am a little shocked at the high # and quickness USA OIL production will be brought down. I expect to see LARGER DRAWS every week going forward now and Increased consumption of gasoline and heating oil and crude in general.---WORLDWIDE---I would love to see an updated WORLD RIG LOSS Report---10/10/15 BAKER HUGHES world rig report was devastating at that time, love to see what rigs and amounts have gone down since. Anyone here find it please give me link.
they were short up until about 2 weeks back when them and CITI went long, so the 30 prints a day every which way slowed down now. From them anyway.
Steady Low oil will guarantee meeting
demand is rising
More USA Rigs off today a given
rigs off production off worldwide
and WW3 is here with SA 150K Troops going into Syria in March
****Time to cover short position today****
shorts under rock for good, posts dry up, pom poms gone
He has no control of lost production from lost worldwide rigs.
its been announced 150k SA Troops in March going into Syria. Its ON.
Economies are in a MAJOR DEPRESSION then maybe that's why! GO LONGUSO OIL NOW!!
1- if oil stays 30-27 range 1000% u will see an emergency meeting, Russia and Iran have already agreed and are pretty much begging for one at this juncture.
2- RIGS OFF / PRODUCTION OFF Must start hitting the production #'s soon, very very soon like starting this week.
BONUS PRONGS----3- ARTICS Freeze this week, 4- Demand rising from so much travelling not worrying about gas price, 5- WW3 is looking to be here in the Mideast now. SA cannot sponsor 150k troops in Syria for war starting in March with $27 dollar oil, trust that.
For USA and world production, these rigs are still coming offline worldwide in record #'s too. Production will start being hit hard from here out.
Baltimore MD high teens sat for a high, low 20's sunday for a high, 30 only on Monday, does break to high 40 on Tuesday but below freezing every nite for 8 days. Brrrrrrrrrrrrrrrrrrrrr, its winter now!!