mad - i dont think many people at all believe oil is going back to 100 within the next 18 months.
most of the people ive seen writing on this thread think there'll be a recovery - some sooner than others - but i havent seen anyone suggest any more than 70/bbl for now
im sure you are right and some people think this is all just a blip fdriven by evil financiers and manipulatiuon
but it aints - those guys just push a real trend to extremes.
thats why hedge funds blew up huge money trying to short aussie real estate
you cant create shorting drive unless the trend is naturally there
but once its there you can feed it and lengthen it
thats what is happening in oil
but realitsically - it isnt bounding back above 75 in the next 12 months based on economic principles - UNLESS a major producer suspends significant production
ORG Price at posting:
$11.13 Sentiment: None Disclosure: Not Held
STO Price at posting:
$7.29 Sentiment: None Disclosure: Not Held
WPL Price at posting:
$36.35 Sentiment: Sell Disclosure: Not Held
