It doesn’t make for a rosy outlook.
Oil Soars as Saudi Energy Minister Uses Oldest Trick: Talking his Book.
Global demand is the main concern right now.
I take the huge demand for dollars and safe sovereign debt as a warning.
Of “Fracklogs,” global Tanker Jams, and Cheating.
A record buying spree.
US producers aren’t going to just give up.
Investors keep hoping the Saudis don’t know what they are doing.
The upside for oil is extremely limited.