Demand Economics are working but Supply Economics aren't working properly to reduce overall supply. Shale Players need to go out of business in a major way the next three months as US Oil production is still too high right now given price dynamics.
Demand Economics are working, but Supply Economics are not working properly right now to reduce overall supply in a meaningful way. OPEC needs to get serious and start cutting production, and not freezing production at record levels of production. Shale Players need to go out of business in a major way the next three months as U.S. Oil production is still too damn high right now given the price dynamics in the market.
All of the content on EconMatters is provided without assurance or warranty of any kind. The opinions expressed here are personal views only, and no warranty of fitness for any particular use, merchantability or non-infringement is made. EconMatters is not intended to provide tax, legal, insurance or investment advice. Nothing should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. More here: http://www.econmatters.com/
Comments
Log in or sign up to join the conversation.