GREY:WFREF - Post by User
Comment by
mdaffinon Mar 16, 2015 10:55am
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Post# 23525122
RE:Manipulation
RE:Manipulation
You are kidding right?
Oil consumption in developed countries is flat to small decline. US oil production has skyrocketed and everytime someone thinks they can't produce at a certain oil price - the US producers show them they are wrong.
The only manipulation was keeping the oil price near $ 50. They need to get to $ 30 before US producers may back off.
After this is all said and done - then comes Paris and global warming which may artificially lift prices by taxing.
Stop listening to foolish predictions of oil retunring to $ 100. Read inventory reports at IAE.