RE:Eric Nuttall and 180 dollar oil billions of people are suffering right now due to oil prices. oil will not go to 180 or there will be bloodshed in several countries. no political system can survive this.poverty being inflicted on the masses.
The market can sustain 80 to $90 oil and justify it but anymore on a long term will simply self destruct as it become so profitable and more oil gets dumped on the market.
Enjoy the profits while they're here but don't be under any illusion that you're gonna be staring at long-term 120 plus oil.
These oil stocks could drop back to where they were a year ago in a matter of weeks . Less than two years ago they charged you to store your oil
even now the EU is not sanctioning Russian oil and will not $65 oil versus 120... The countries must protect their citizens and buy the cheap oil.Turkey bought oil from isis and obama ignored it for years. Oh sorry they couldn't find the refineries or the 15,000 trucks crossing the border every day
Enjoy the money while it's here but keep a stop loss as nothing will stop it from piling into the ground.
wannabebuffet wrote: Good watch.
May have been posted before but worth watching again.
https://www.youtube.com/watch?v=ES9iNqVQymo