RE: SP18 Jul 2019 10:18
The short positions cannot hold down the SP ! They are actually in a worst position than we are, They have to buy in to get out. Imagine Iran closing the Straits over the weekend !! Oillies are almost sitting at rock bottom due to the lack of investors put off by volatile oil prices, potential percentage to the upside is higher than the downside so Long hast to be the better bet.
The lack of investment across the globe from 2014-2017 is yet to hit, but its coming ! Maintaining current oil supply rates without investment is impossible. And without $100 oil what's the point of electric vehicles as the overall cost and their carbon footprint is currently monstrous compared to conventional vehicles.