How is this possible? Inconceivable! How much longer till oil at 150$? Step right up and make your guess. Middle east speculators welcomed too!
Of course this will be blamed on speculators. We should all be content to earn 0.003% interest in money market accounts. How dare anyone hedge QEinfinite (or worse yet, attempt to profit from it) by going long on oil?
This is just speculation for the few days Give it a week and oil will go down I feel sorry for oil produing countries because their revenues are shrinking fast but their budget needs are skyrocketing
...not to mention shale oil & gas. Memo to the conspiracy nuts: the most primitive form of economic development involves selling stuff to someone more advanced than you are to burn for energy. It's a losing proposition. Always has been, always will be. To go long here is the same as going short equities: it's a short term thing. You have to be nimble. And there will always be the doomsters around who will try to suck you into thinking it's a long term good deal. It never has been and it never will be. Go long the stuff that gets burned when the opportunity arises, of course, but always keep an eye on the exit door.