Why are oil prices so low?

And therein lies a market. We will continue to see how many soldiers each of you have in your respective camps.

 

So what do you say?
Which comes first?
40 or 60.
Don't be scared...It don't matter if I am right or wrong.
It don't matter if you are right or wrong.
Throw your answer out here.
Let's have a little fun.

 

Too much supply.
WAY too much supply.
Of course, though on the flip side there's way too much manipulation that goes on that we know little to nothing about.
But, I stick with 40 before 60.

 

In short, I am in the bearish camp. I expect a 20 handle by the time "the bottom" is fixed.

 

Well, if the U.S. deal with Iran doesn't make oil prices drop, then what will?

As I said earlier, I'm thinking that whatever bearish news there is must already be priced in. Oil prices have had plenty of time to drop now, but it seems like a bottom is forming here, no?

Of course, I'm invested in an oil stock, so I'm bullish on oil. Or maybe I was bullish on oil and then decided to buy an oil stock. I forgot which, since I've owned it since December.

 

Okay, so you have to self ban from your own thread then...

(Unless you invoke the veto power.)

 

Nice start of the week, yes?

 

BSAM, 40 or 60 first, nobody knows for sure, you know that. What if it gets to 59, then back to 40?

 

Well, then it goes to 40 before 60.
But, if it hits 55, I would think it may indeed go on to 60 before 40.
Of course, like you say though; nobody knows.

 

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