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The Last Time Oil Speculators Were This 'Long', Crude Collapsed,,, KInda like the election. Most were WRONG!!!!!!!

By: capt_nemo in POPE IV | Recommend this post (2)
Mon, 23 Jan 17 7:35 AM | 40 view(s)
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Msg. 18714 of 47202
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Despite soaring rig counts, surging US shale production, and increasing doubts over OPEC/NOPEC cuts being sustained (albeit with Saudi jawboning), oil speculators have decided to add to their long positions in the last week, pushing the net position in futures to a new record high - above the 2014 peak from which crude collapsed.

http://www.zerohedge.com/news/2017-01-22/oil-speculators-have-never-been-long

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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