OTCPK:PTORD - Post by User
Comment by
himmleron Jun 07, 2017 5:47pm
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Post# 26337740
RE:More pain to come?
RE:More pain to come?Those same guys forecasted $55-60BBL back last november.It all depends who wrote the article.Its all based on sentiment.Oil always was based on that somewhat.Weather patterns in the gulf of Mexico..remember? Mild /and or severe winters based on El Nina or El nino,how about those pesky tornadoes that may have threatened the southern US coast?
How about the possiblity of sanctions against Iran again?.Or the Qatar issue worsening?
How about Libya infighting,or Iraq infighting with its Kurds in the north?How about Turkey rattling sabres in the middle east?..how about the fact that the Saudis cut millions of barrels of oil years ago to stabilize the market instead of the token amount they just did??And they could easily do it again..dont forget they want to sell off some of Aramco..who wants it at $45 BBL?
I could write a book on the oil worlds trading BULLsh!t..as I only mentioned a few off the top of my head...I could list pages and pages but I think I made my point.These media guys were all sucking on mom"s titty a few years ago..and today they think they can call the oil market.What a joke.All these guys do is parrot what another clown says...and its all after the fact news.Predictions by these clowns are as useless as can be.Just look back far enough...2-3 years and you'll see that not one of 'em was right.