Comments
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CMthe Saudi are not weaponizing by controlling production, they are doing it by pricing it in CNY ( Saudi became the #1 supplier of oil to China), how come no one talks about this? this whole thing is about US losing control on the commodities market, sanctions and tariffs are not helping US case for a petrodollar system. What !!??? Saudi's need price at 55-70?? since when? oil might go up specially if USD weakens but overall poor arguments IMO for an oil bounce.
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MSSuper good and credible.. Spectical about the green guys getting into the board of oil cie, futur will tell I have no facts about that... I agree with the analyst of oil for 2019 2002, some peoples forget oil is the ultimate commodity. A slighly disruption from any producters country affect greatly the price.. $49 a barrel is way to cheap, think about that we will consume 102M barrel a day in 2019.. And yes frackers are in debt to the bones,, $50 cost not easy to bring casf flow. It might even be the last time we see these low price.
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APRV, maybe time for more sophisticated ways of expressing trades than short/long ETFs? Nancy Davis' Brazil trade, coupled with her general thesis, comes to mind as a great example.
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SHI'm sort of mystified as to how a 2-year projected hold qualifies as a TRADE idea. Be that as it may, anybody who can take a 2-year view on anything in these markets has to be congratulated for having a lot of vision and/or nerve.
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JGDoes not oil have an important role in the production of components used to make electric cars, solar panels and wind generators since many components are by products of oil? No one seems to be discussing that benefit of oil production Life would be much more complex and expensive with out plastic.