If what I read is right then we are going to have a sharp spike...

If what I read is right then we are going to have a sharp spike upwards following by a return down but at higher levels.

But remember. The Saudi's won't let Chesapeake get a $4.5 Billion mortgage go unpunished especially  when most of their business is unprofitable gas. Gas will be the first ponzi to be exposed followed by oil which is now being played out. Shale debt in the US has now soared to $600 billion and as hedges expire, this is going to turn into a massacre.  The rig count is way down and oil production is going to fall off a cliff.


This shale thing is an embarassing Ponzi.
Could be a fun week coming up.