RE:large shorts have made their money and are mostly out ..Of course man. I knew that since day one. "oil glut", "massive production" "over supply", blah, blah, blah. It was so easy to figure out,.... I called bottom in Oil almost the same day, but man, did I pick the wrong stock, holly. . All stocks were going up, while this BS going down,. LTS doubled, LEG, doubled, PWT pushing double,..
Read this.. Oil producing countres are dumping petrodollars like there is no tomorrow. It looks like massive exodus form us dollars. Sounds like an end to petrodollars system. Oil can super explode.
https://www.zerohedge.com/news/2015-04-15/collapse-petrodollar-oil-exporters-are-dumping-us-assets-record-pace
Ahkenahmed2 wrote: However some have re-cycled their positions. Retail shorts keep looking at the local markets and sipping MSM narrative about the "oil glut" and Cushing this and Cushing that, ..
meanwhile ..
the ball:
https://hosted.ap.org/dynamic/stories/M/ML_YEMEN?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-04-16-11-06-53
Keeping in mind that there really is NO DEAL with IRAN, the country whose citizens were shouting "Death to America" a day after the supposed deal was signed ... How suddenly would the glut be required to be preserved if the house of Saud falls ... ?
Add to this the now elapsed required time to measure the reduction of rigs and overall domestic output ..