drinking from the well
I have been long IAE for some time and I believe Stella will deliver - as far as oil is concerned I have always been of the belief that politics plays an equal role to supply and demand. The Saudi's have hung cheap oil prices over Iran hoping to economically break them. They have also tried and for the most part have been successful in shutting down fracking oil operations - they need at least 50 to make any profit -many are stretched and debt ridden and on top of that they need a huge supply of water which could be the lynch pin to later production - water in the western part of the US is in short supply. Now we see that the US will ramp up gasoline production - what will that mean - more trucks, suv's etc... The trough looks full now - wait a few years. The dream of every person in China and India is to own a car - it raises status - supply will shrink - be patient.