Lightstream Resources Ltd. LSTMF

RE:EIA report

[whitehorn1]

I believe the problem exists with the continual high inventory and storage of oil throughout the world. Plus, supply still exceeds demand. This will need to change especially with excess oil in storage. I don't think even a geopolitical event will have much affect on the price of oil, whereas in the past this was influential on oil markets. A supply demand similarity to extreme would be a comparison to beef. It took 10 years of depressed or low prices until there was a supply destruction situation i.e. 2004 to 2014 (highest price in history) in Canada. There is now a shortage of beef and unlikely to change anytime soon i.e. at least 3 years. I find oil similar - supply destruction will create higher prices. It seems the world has started to create extremes more so than the past in my opinion. Mining could fit into that category until see supply destruction there as well, many say the worst in 40 years.