Why the big selloff all of a sudden, page-6

Somebody knows something....

You guys are really searching for answers but are you really that clueless...

The answers are very easy to find.

1. Global economy is slowing = less demand for oil
2. This fight over the oil market was initiated by OPEC or the Saudis, who want to hurt the US and Russia simultaneously. Has it worked? Not really...so if it hasn't then even lower oil prices have yet to be realised, as is continued  high OPEC output and lower demand.

WPL is fighting gravity, pure and simple.

3a. Source: US Production - http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=M
3b. Source: US Inventory - http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRSTUS1&f=M

This is current and very accurate data (less fluffy overly optimistic journalism).

I am anticipating lower lows for oil by the end of August and therefore WPL. This doesn't mean don't buy. It means just be aware that gravity is against you. You need to time it well to make a profit.