Mob warThe oil price saga to me is like a mob war. The OPEC mob has been flexing its muscles with the threats of other mobs taking their business. The are trying to kill it's way back to the top. But with like all mob wars they ended up with them working togheter for the sake of making money. For sure a few get killed along the way. This war has made only losers and no winners. The smaller OPEC mob members want to get back to making some dough. They got mouths to feed and nobody wants an angry wife.
Anyone who believes that oil will stay low for a long time is over analyzing. It will be back to 75$ by spring. All media and financial analysts could go F*** them self. They change views on a daily basis just to cause panic and chaos. Warren Buffett just invested over 3B in oil for a reason.