Layer in over time because oil is something that is manipulated at times and who knows what OPEC or other governments will do to get it away from $20. I do not know where the bottom will be but will layer in as much as I can without overloading on one sector.
As these things go... we have so much noise right now.... and rightfully so.... but $25 oil is not good. One would think we can't go much lower. Maybe not. But our economy definitely needs oil at $45 at the least. Corona is one thing... and I know ya'll are gonna nail me to the cross here... but the price of oil is just as important. There's a very fine line between cheap and too cheap. Mark my word. It better bounce.
it won't. Not without planes on the air & cars on the road, and that's where we are heading in a hurry. When is uncle same buying the reserves? Putin & MBS did us dirty
"Not without planes on the air & cars on the road,".... You left out one big thing H4... https://elitetrader.com/et/threads/war.333550/ ... "Absolutely nothing"♬
we can't drive our tanks to this virus...no matter how much Donnie wants to call himself a war time president.
i get the picture, I know the oil consumption needed to have our battleships at the next shithole country we want to bomb. Did you get my picture?