RE:This view echos mineOlden days a hundred years ago. At a board meeting of robber barons. THE JP Morgan or maybe it was Carnegie. Tha board was informed the plants can't keep up with demand, the supply chain can't keep up with demand. Solution. Hire another 1000 men, hire another 100 trains. And SELL all my stocks.
masfortuna wrote: Quote from JP Morgan"
"We note signs of strain across the group: seven members of OPEC-10 failed to meet quota increases in the month, with the largest shortfall exhibited by Iraq," JP Morgan analysts said in a Feb. 11 note.
The bank added that a super-cycle is in full swing with "oil prices likely to overshoot to $125 a barrel on widening spare capacity risk premium".
Investors are also watching talks between the United States and Iran to revive the 2015 nuclear deal.