RE:RE:Why We Can Expect Cripplingly Higher Oil Prices In The Near
Anyone who simply takes what's written on a web site at face value without researching will likely lose their money. You have to be skeptical about everything and research everything yourself.
I agree with the crowd that focusses on production declines and increase in demand. I distrust the crowd that attacks and don't disclose their holdings (or lack of). I see a lot of short sellers here for example attacking shareholders (longs). It's quite obvious actually.
And although I don't view oil hitting $100 soon, I do see that the current low oil prices are "wall street set" not true "market price". In a true economy, nobody can sell goods cheaper than it costs to produce. The market balances itself and that is what we have been on metals and what we are seeing on oil.
What we saw in 2015 was a correction to overproduction which was a result of the US's quest for "liquid freedom". Research that.
If you recall the frency investment into oil in 2013 and 2014 where everyone was talking about $200 oil? That crazy invesment will likely never return to oil so we'll have a possibly slow recovery to $100 oil but if we stay with crazy low oil, we kill the planet and our children. If we see crazy high oil again, we'll be seeing massive inflation and that's not good as well.
Traders don't care about that. Investors generally do. There's more in life than simply money.
BTE at these prices is a good buy and hold stock. Don't play into the traders' games, especially selling them shares so they can cover their obvious short positions.