BRENT CRUDE OIL back above $40
Until then the story is OVERSUPPLY and LOW DEMAND
Until then the story is OVERSUPPLY and LOW DEMAND
There's two sides to the CRUDE OIL story with many twists in the details. One the one hand is the story that there is limited oil but for some reason there's so much production and oversupply the world is swimming in crude oil. On the other hand is the story that hasn't been heard for some time that the world will run out of oil and we need to look for alternative energy to meed the demand for the future.
I guess there's a third story of UNLIMITED ABIOTIC CRUDE OIL in which the Earth is constantly replenishing and creating a supply of crude oil that will never end.
I guess there's a third story of UNLIMITED ABIOTIC CRUDE OIL in which the Earth is constantly replenishing and creating a supply of crude oil that will never end.
So who can you believe to tell the truth and the facts in all of this? You cannot:
All you can do is watch the HFT ALGORITHMS TRADE THE MARKETS and make money for the big financial institutions that play in the GLOBAL MARKET CASINO together. Any news from OPEC or various oil ministers across the world just modulates the HFT TRADING.
But the story of CRUDE OIL and FOSSIL FUEL shortages will return again to put fear on the end users also known as "consumers."
But the story of CRUDE OIL and FOSSIL FUEL shortages will return again to put fear on the end users also known as "consumers."
...developing...
