To short or not to, that1 Dec 2016 01:20
depends on how one sees 3 things:
POO, rapidity of vehicle market to embrace electric vehicle, and RDS`, objectives.
POO is dependent on excesses or shortfalls in market. I am convinced a MMbpd cut is irrelevent and will soon shown to be so. VW`s fray into the market is interesting, since it will have depleted it`s huge cash coffers with paying fines for being greedy, I say greedy, because why didn`t it invest, and spend the money in making engines do what it says on the tin. Greed. I think it will now mnfr an EV which will be affordable to the majority of households who will spend 15K on a car, not 30K This could be here in 2 years, and by 2020 have a significant affect on fuel consumption to the extent of MM`s bpd, and naturally, the USA will still be pumping and dumping. Finally, If RDS cannot, imo, continue to pay the present divi, and when it cuts, sp will tank(ish). All good reasons to be short for the long term . I am sure there will be opposite opinions. But, you pays yr money you takes yr pick.