G'day Buc,
OK. BFD. Is that the end of Petrodollars? Does that make oil price go up in US$ (me I'd rather have QE4).
Now to your "record oil demand, US" ... um not truthful I'm afraid given "U.S. crude oil refinery inputs averaged 14.9 million barrels per day during the week ending January 16, 2015, 984,000 barrels per day less than the previous week’s average. Refineries operated at 85.5% of their operable capacity last week. Gasoline production increased last week, averaging over 9.2 million barrels per day." That's the facts now but yes surely it must improve with gas being cheaper yadayada.... as the spring/summer peak driving season comes along. But its all relative isn't it?
G'day Chrys,
Cough, Cough indeed .... so why wouldn't you say approx $70 bucks than $80. I'm not a bean counter - I just watch the numbers and believe me they do have an impact. So does investor sentiment.
I get the the overwhelming sentiment here is "Long and Strong" SSN!!! But right now seems more a case of "Stay and Pray".
SSN Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
