Crude is screwed, man.

I think the better question is seasonal refinery capacity keeping up with demand. Crude oil supply is aplenty but nobody can do anything productive with an unrefined barrel of oil.

 

https://www.ft.com/content/26ae1866-1888-11e7-a53d-df09f373be87

 

http://www.zerohedge.com/news/2017-...the+survival+rate+for+everyone+drops+to+zero)

Bob Woodward and Carl Bernstein once famously said, "follow the money". Mav says follow the gasoline trail and you will find your answer.

 

Staying long here, with the same stop. Pricing is currently 53.37

 

Ditto, I took plunge yesterday, Woodside Petroleum, Beach Energy, Origin Energy.
Trying right now entry on LNG at 0.695 cents, I have a partial fill so far

 

Looks like a decent daytrade buy here at 5300 to 5310. Stop at 5250 lools to be good placing.

 

Stop will be raised to 50.48

 

Only reason Saudi Arabia is somewhat cooperating with cuts is because they have a bond issue and possible Aramco IPO IE short term Saudi interests are tied to strong oil however, once bond is issued look out...

 

1. Raoul Pal‏@RaoulGMI 19h19 hours ago
   
   
   
   Wow! Mention that you are bearish #oil and its like you insulted the oil longs' mothers! You are too emotionally involved in the trade...
   
   33 replies 18 retweets 232 likes

1. 1. Raoul Pal‏@RaoulGMI 23h23 hours ago
      
      
      
      When #oil breaks $47, it is the final signal that its going to $20, in my view. This sell off has long been expected, after a perfect set up
      
      39 replies 68 retweets 172 likes
      

 

https://phys.org/news/2017-01-cathay-pacific-emissions-biofuel.html