Don't look now but the oil market is collapsing (user search)
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  Don't look now but the oil market is collapsing (search mode)
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Author Topic: Don't look now but the oil market is collapsing  (Read 10649 times)
The Free North
CTRattlesnake
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« on: November 27, 2014, 12:37:55 PM »
If Brent drops another few points Russia, Iran, and Venezeula are going to be in a lot of hurt economically.


This is not getting the attention it deserves but we are witnessing a once in a generation shift in geopolitics as the power of OPEC wains in the light of new energy coming from the US and Canada. Of course the collapse in WTI will help consumers but at this point its hurting the autocrats more than anyone else.

Not sure where we find the bottom in oil but unless something changes $100/barrel is long gone.
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The Free North
CTRattlesnake
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« Reply #1 on: November 27, 2014, 12:59:47 PM »
Perhaps more representative of whats actually going on than just 1 number
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The Free North
CTRattlesnake
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« Reply #2 on: January 05, 2015, 01:42:38 PM »
Still no bottom in Oil yet


Whoever had puts on USO back in July is a very happy person right now
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