Love the gain and expect much more but keep it in perspective
And therefore anyone living in NY will continue to pay ridiculously high taxes. SAD
Nothing mysterious. World is a very volatile place right now and the Saudi move on oil production has inflicted deep pain on a number of countries, not just shale producers.
Not all news takes place during trading hours. Local events can have a big impact on global commodity prices
Putin can easily covertly finance a mideast terrorist cell to attack Saudi, Iraqi, Libyan or some other OPEC state production. Iranians are in the same boat with low prices.
The Saudis could easily get burned
An excerpt from article
"In short, Putin is like a Augusto Pinochet or a Juan Perón … but with much more steely resolve, a massive military, and nuclear bombs.
But even with Putin's extremely visible and frightening track record before us, it's clear the Obama administration and even the investment community is still not prepared for the extent of the damage the Russian leader can unleash on his own people, on his neighbors, and on the U.S. financial markets.
There is nothing more dangerous than a wounded animal. Vladimir Putin is wounded — and he's not known for holding back."
Does anyone really think Putin will let the Russia economy go into total collapse without taking action. The Ruble is in DEEP trouble right now. Putin will need to take steps soon
Action in this case would not be helpful to world peace
Shuts down 500,000 bbl per day in exports
Saudis are causing some very intense pain for some very dangerous regimes. The endgame may not play as the planned it
Interesting to see it crosses the Madison country line. About half and half in each county. Looks to be a very long lateral
Rigs targeting oil dropped by 29 this week to 1,546, the lowest level since June and the biggest decline since December 2012, Houston-based field services company Baker Hughes Inc. (BHI) said on its website yesterday.
As OPEC resists calls to cut output, U.S. producers including ConocoPhillips (COP) and Oasis Petroleum Inc. (OAS) have curbed spending. Chevron Corp. (CVX) put its annual capital spending plan on hold until next year. Rigs targeting U.S. oil are sliding from a record 1,609 after a $50-a-barrel drop in global prices, threatening to slow the shale-drilling boom that has propelled domestic production to the highest level in three decades.