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Tuesday, March 24, 2015

New Target

http://www.bloomberg.com/news/articles/2015-03-24/here-s-how-20-oil-could-become-a-reality-if-storage-runs-out

If the oil refineries had unplanned shutdown, foreign investors in environmentalism would be happy to see oil to go to very low prices and squeeze the hedge of current oil investors. All need to know that the next target has already been advertised. Secondary effects of such happening would be bad as oil would then rise back to or at least climb back to $100/barrel and refineries would have to increase the gas price again.

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