RE:$112= OIL bySadieLadyCO wrote: Next week...Just looking at news and comments...
I have no idea. However, the more I look at energy markets, specifically oil, the more I see how precarious it is. It almost seems like every oil producing nation is in flux or under US sanctions.
Iran
Venezuela
Russia
Ecuador - protest
Libya and what seems every African oil producer
Iraq
Colombia
Even Norway - workers going on strike.
Not only that you have politicians who have been destroying the industry one year at a time now almost demanding more production....but only for a few years until we shut you down and we will tax you even more in the meantime. Yeah, that's incentive to drill baby drill.
Seems like even the smallest thing could spark this powder keg amongst this market complacency.