RE: RE: RE: RE: RE: 24 Months Ago I have been in this oil business a long time .............with the exception of a few years most of the time either one of the commodities if not both is in the dumper....
The instantaneous media of today factual or nonfactual (usually the later) is the cause of much of the volatility you experience in the markets . You need only look at the sell off in Crude in the last couple of days ....wow $4.00 drop .
The build in crude amounted to 2 or 3 hours usage in the US !! As they burn off about 750,000 Barrels/Hour!!
The constant negativity of the media makes folks very cautious ,so cautious that they do the worst things possible ...buy bonds or GIC's !!
I find it a puzzle as to why all the concern about PMT's debt , it used to be that the analysts knocked your company if you were not higly leveraged...
With interest rates at an all time low ..companies are put in the penalty box for carrying debt! They should be borrowing everything they can get their hands on at as low a rate as they can get for as long as they can get it.