The Chart as I recall was just cutting off the early formation and repeating it.. then asking if anyone recognized it?

"History may not repeat exactly.. but it does rhyme..." 

Who knows..?? but if we did repeat an oil shock (this soon..) because of.. (pick one..) demand, supply shock, weather.. etc.  Would not soybeans go with it as they are highly correlated.. thus if so.. how could you rule out something based on what occured already?

Seems a little premature.. to me.

Do I expect this?  No.. but could it happen.. ??  We still IMPORT A LOT of Crude into this country..

 

Currently the shale drillers are firing away.. as long as they can stay solvent.. on wells which DEPLETE RAPIDLY..  It's a DRILL baby DRILL program.. and DRILLING COSTS $$$!!  Just ask all those oil companies which went bankrupt over the past 36 months..

( http://www.haynesboone.com/~/media/files/attorney%20publications/20... )

Last I heard the count was up to 213..  ( http://fuelfix.com/blog/2016/10/25/213-oil-companies-have-declared-bankruptcy-how-hard-it-is-to-be-an-oilfield-service-company/ )

So this is our Savior eh?

"good luck with that.."