RE:RE:RE:RE:The Only Cure For Low Oil PricesAgreed Poot. The next few weeks to a month could be interesting as Chaos reigns supreme in China. Now they are attempting to take off the market circuit breaker because they figure IT is causing panic in the market. Jeez, these guys, they simply make this sh !tt up on the fly. I suspect we will see quite the show in the asian markets tonight and with that a comparable continued sell of in NA and with that further stress on the PoO. At least that is what I am hoping. Let the flood gates open and get done with it. Hang in there all, the ride is going to get even bumpier if the Chinese go crazy tonight. Thankfully, IAE should simply weather the storm in the .52 - .54 range.
By the way, has anyone taken a look at what happened to PMO - down about 30% or more over just the last three days. All because they are full of debt and no great hedging safety. PMO is almost the same price as IAE which is ridiculous given that is was sitting at about $3.00 CND 6 months ago and is now at around $.67 CND.