Oil settles below $47 as Goldman cuts outlook, page-13

It's exactly times like these ( 3-12months IMO) that the astute investors buy and make their Big gains over the medium to longer term.
The investors who don't get frightened with the day to day occurrences and can see the bigger picture instead of POO in the pants at every news article.

Of course he will say oil will never reach $100 again, whatever game it is the Saudis and US are playing, why would he say anything different or have you already forgotten the reason why oil has plummeted? There are multiple factors at play here, political economical military etc. That need to be achieved before a recovery.

The trade off of Saudis not cutting production which will hurt their profits for now, but Russia will suffer much more which is what the USA want, in return USA will sacrifice the shale oilers which majority will shut down over the next 12-18months and cut a huge amount of the world supply and allow Saudi to regain all these current losses when the price,demand and shortage returns over the next year or two.

USA Saudi ties IMO are some of the tightest in the world, only planes allowed to take off after 9/11 were Saudi destined planes, Saudi king/prince staying for months on end in Waldorf Astoria N.Y going as far back as the 20 and 30's and the British royals getting snubbed in favour of the Saudis.

Just as real estate in USA boomed again after the GFC crisis, as tech stocks boomed after the dotcom bubbles, as the Asian real estate and stocks returned after the 1997 Asian financial crisis etc etc etc, so will oil after this.

Take your balls out of your misses handbag and look for opportunities to buy this year.


1. Day traders not included
2. Do your own FAR and tight hole research
3. Do your own POO research (there are links between SP,
POO and tight holes which I explained before )
4. Do your own economic research
5. Get rid of the misses
6. Def don't listen to me