Oil settles below $47 as Goldman cuts outlook, page-12

Yep - strange logic reigns supreme on this thread...

Each to their own - but scare mongering about the POO is rubbish...

Please go back and read Little Guy's post earlier on - IMO explains it well (unless all trucks, cars, trains, ships, tanks, planes, generators etc. etc. etc.) are eliminated in the coming days, I am pretty sure the POO will rebound, and rebound heavily - just a question of when?

If you cant see that the rental of a oil freighter (at excess of $20,000.00 per day) to stockpile oil (at current prices) is not an indicator that Traders / Co's believe that the price will rebound - then you have rocks in your head...

"look out - the sky is falling"

Now - on the other hand - if you can trade in & out of O & G stocks during this period and make money, nice work indeed. If you can pick the bottom and purchase cheap shares - again very nice work indeed...

Cheers