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I’m always amused that there are analysts that are theoretically smarter than I am (they arent), that seem to think oil PPB is going to rise precipitously soon.
There is literally no fucking way that happens unless we in the USA decide to stop looking for the stuff. And it’s clear the way the markets are going, thats not going to happen.
This doesnt count the fact that OPEC’s “Cuts” are bullshit to begin with. Thats all PR shlock.
The world is awash in oil. The sooner everyone figures that out, the better.
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