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Red River Valley | Yes Jon pain is being inflected on the oil patch - that's what happens at the end of bubbles has through out history this is nothing new.
all of this production that is getting shut-in is the reason that prices fall and are slow to recoup - Peak oil is found to be delayed and now that the traders understand that the oil is there they will make sure that they are not long OIL at a price that can possibly bring more of it to the surface.
I would be very careful being long oil at the levels your sources say it takes to get the Bakken drillers back to drilling, I would not be long oil even $20.00 short of that price but you are free to hold those positions and I will sell it to you. | |
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The Crude Battle
