Mart Resources Inc MAUXF

Supply and Demand

[Claired]

So it's fairly clear that the US desire for energy independence and subsequent fracking subsidies have shattered the price of oil, basically removing US consuption from the global market. I would expect this to continue as the US is probably going to produce their own oil until they can become dependent on renewables.  So US consumption is likely a write off indefinitley, which is good news for global warming, bad news for companies in places like venezuala or nigeria.  We are going to need to see the demand for oil increase and the supply decrease.  This could take some time unless OPEC intervenes.