Monday, January 05, 2015

Oil Wars

“It is equally inconceivable that the oil market could quickly transition from OPEC domination to a normal competitive one.

The many bullish oil investors who still expect prices to rebound quickly to their pre-slump trading range are likely to be disappointed. The best that oil bulls can hope for is that a new, and substantially lower, trading range may be established as the multi-year battles over Middle East dominance and oil-market share play out.”

The Saudis Aren’t Kidding: Why The Oil Plunge Is Here To Stay

That 20mpg gas guzzler not looking so crazy now?

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