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Oil in the spotlight, again!

Pivotfarm's picture
Submitted by Pivotfarm on 12/10/2014 09:52 -0400



 

 

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Wed, 12/10/2014 - 15:06 | 5537273 I Write Code
I Write Code's picture

Well, I think I called before and will again, for the Dow to close the year between 17400 and 17600.

But that may not have anticipated this move in oil.

Fed just wants smooth charts and relatively low volatility - they've just recently learned volatility can be too low.  I think.

Wed, 12/10/2014 - 12:39 | 5536711 Manthong
Manthong's picture

Y’know, it’s not fair that our private oil enterprises are competing with State owned Saudi Aramco.

I hear we have about 35 billion barrels in the SPR..

We should top off every cavern, every tank, every tanker and every spare empty milk jug we can find at these prices and then announce US subsidies for the oil and gas business.

We bailed out the F’n banks, why not the oil and gas business? .. they are much more worthy.

But then.. that may not fit with “the owners” plans.

 

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