Good write up on oil contango...Short of a currency collapse, short to medium term the supply overhang will keep oil prices in check...I still "think" we have seen the bottom and prices prob will get up into the $60's and $70's...but they will struggle untill the contango ends...What isn't mentioned in the article is that the supply overhang greatly discourages production and exploration which only adds to the long term supply problem...
Full article here...
For some of the best deals in the hobby, check out TraderDown.com and join our community of buyers, sellers, and traders.
No comments:
Post a Comment