RE:RE:RE:so yeahHey guys,
I'm not sure how this will play out, not in the least but obviously neither is anyone else for that matter!. The only thing that I feel absolutely sure in saying, is that oil will eventually increase in price. Only question is, WHEN and by how much. All that has happened here since a year ago June is delay the inevitable and cause untold real and paper losses of investments. Many sold because they believe that oil is bound to stay low for the foreseable future so they took their loss and have moved on others have ridden this down, yet others sold do to margin calls and may never recover the lost money. A delay in investment is all that has really happened here, OPEC has sold oil dirt cheap to which they will eventually try to make up those losses by slowing it's production to the point where oil could increase to the level it was previously just so that they can pump significantly less oil and get the same money until they are satisfied they have evened everythng out to their break-even point. Could special recovery methods make up that OPEC lowering of production? I truly doubt it and if they could it would be only for a short time as the special methods is like wringing out a sponge, eventually it's completely dry.