CEO,
Thanks your posts.
I think the POO stays below $55 for quite a while. Until the rigs rust. This shale oil ponzi will actually play out before the Shale Gas ponzi. It is an embarrassment to the USA , And Obama...., IEA and other respected analysts who believe in hype .
As you know, those who read Arthur Berman know what I am trying to say. This guy has some very interesting views. This guy knows more than most. Go long on oil. It will take a while but fundamentals win in the end.
I was pretty impressed with the quarterly. They have a full understanding of world oil. But best hunker down for a while.
POO Breakout, page-6
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