RE:RE:RE:VLAD says......................................
you really are some kind of a faaacking idiot dug.
my post was merely showing an article by bloomberg with an interview of the finace minister of russia stating their opinion, not mine, ya f'n moron. they are basing their 3 yr budget on 40 buck oil and did not state that is where oiul would be but the article did state, like many articles have, that they do not necessarily believe opec will achieve the said overall production reduction and that demand will be lower than expected.
you f'n moron only post postives and out to lunch posts from other boards and refuse to acknowledge other professional opinions on where poo is going and all the metrics behind them.
you attack any negative post or article, i think the russians have a heck of alot better idea where oil will be down the road than you do. they are taking precautions and don't trust opec.
i hope oil continues higher, i have a few oils stocks also including this one. i can't see oil going too high, maybe mid 50's short term and if opec doesn't succeed at next meeting probably back to low 40's.
you are so far out to f'n lunch it's really pathetic to watch and a pain to read your posts. you have no f'n idea how quickly shale can reboot production, russians are in the process of increasing production by 400k/day. canada is increasing production, a few opec countries {nigeria libya venzuela to name a few) are well below their normal production rates and will want to able to get back to where they were so not sure how much the saudis and other top opec producers will want to cut, i suspect not that much. saudis normally cut for a bit this time of year anyways due to less donmestic use.. world demand looks iffy for much growth for the medium termat least, and if trump gets in, all bets are off with protectionism rearing it's fugly head, and don't forget a most possible banking crisis in europe, which will spread.
everyone needs to look at all views, not just the f'n lunatics!!!
cheers ferret
ps CAW CAW CAWING da crow, he flew da coop after his pumping gig came to an end, haha