RE: intrusion of reality,,,oakesy...watch and learn... your listening to a bunch of sound bites... the truth is ....based on this October IEA report demand will be UP world wide 0.5% going from the present 86.5 to 87.2 million barrels a day consumption this YEAR...and production is forecast to keep going down
world wide by 3-4% that hasn't stopped.
Recessions don't slow consumption all that much Fact !!! And even with US and Europe reducing consumption which was happening BEFORE this economic mess...has been factored in.
Just off CNBC ...!
Watch and enjoy... Friday should be interesting hope OPEC cuts 3 million barrels and squeezes the life out of every shorter. Hedge funds are a curse and have caused only damage to this market to this stock and a lot of others
https://www.cnbc.com/id/15840232?video=898908678