RE:RE:Focus turning to future shortages If you are looking for real FACTS, this is a good place to start:
https://www.eia.gov/beta/international/ Guys, please stop shorting! You short and then come up with the craziest justications and BS to try to convince yourself you're on the right side of the trade! Makes you look sad and really pathetic.
Iran's production is not as significant at the short sellers and bad "analysts" wants to make it.
Look at the global production of crude, Total is 80M bpd! Iran has never been one of the big producers and the past embargo just meant they couldn't sell to the West.
So we're looking at just a tiny amount of "official/declared" output increase. Small significance, big noise. What does that tell you?? Well, if you watch cycles like I do, it's telling!
Hold on for the "trader dips" coming up to pick up more but don't snooze! I can't daytrade but I'll be curious to see how it plays out this week!
