OTCPK:VREYD - Post by User
Comment by
PAGODA5on Oct 02, 2014 11:58am
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Post# 22991465
RE:RE:RE:RE:low price = more later
RE:RE:RE:RE:low price = more laterThe low oil prices is merely a mirage as was posted in the CNBC clip. This is traders and speculators, watching the US dollar and selling oil as a result. The actual fundamentals could not be more different. I mean look at this realistically, you have the largest oil producer in the world currently facing sanctions with the possibility of more to come and yet we still see oil trending downward? In 9/10 scenarios, that factor alone drives oil prices higher but there is still more. ISIS/ISIL..in Iraq, ebola in Nigeria....the risks go on and on. I am a buyer here....I have been nibbling and will continue to do so. I see this changing quickly...$100 WTI/$110 Brent by January