RE: costs8 Jan 2020 14:40
longtermthinker, Still accumulating then ?
$60 not so likely when the shale dream comes to a screeching halt, the EV dream crashes. EROI comes home to roost, IMO 2020, Saudis want $80 + Most E&Ps are ok with around $75 ( not my words but people in the know )
Do you know how LARGE the net long position on Oil is at the moment ? Means traders and Hedgefunds say oils going up !