Quote:
Originally Posted by The Elkster
Did any of those guys call the drop in price ahead of time??? People are free to listen to whatever speculation they want. But watch and see. The reality will flush out  |
Futures markets had 2020 oil pegged at 75-80$ while spot oil was 110 before it dropped off.... the impending glut was already being tallied in.
The united states is still eeking out weekly gains in oil production so the shale thesis still hasnt really even started yet