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Originally posted by Ragin' View PostNeeds to go up atleast $25 more.
I'd be happy if it just went up another $50....Comment
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Oil is inching it's way back up, but I wouldn't be surprised if it takes another dive soon.
This may be longer than most care to read, but it has some information that you don't read in a lot of other articles.
Conclusion: Your guess as to where oil prices are heading in the next few months is as good as mine. Even though there are plenty of places to store oil, the record high U.S. oil inventories will continue to give the bears support for lower price forecasts. In my opinion, we are nearing the mid-point of the bottoming process for oil. At the beginning of the year I predicted that oil would test the lows several times during February to May, and then begin to rise. I’ve seen nothing yet to change my opinion.
In the short-term, I am expecting energy investors to remain on the sidelines until they see U.S. production growth slow and demand increasing.
By Dan Steffens for Oilprice.comComment
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Good read and I agree with this. I think we are in a "bathtub" shaped recovery right now. Hopefully at least midpoint as well...Originally posted by Ben View PostOil is inching it's way back up, but I wouldn't be surprised if it takes another dive soon.
This may be longer than most care to read, but it has some information that you don't read in a lot of other articles.
Conclusion: Your guess as to where oil prices are heading in the next few months is as good as mine. Even though there are plenty of places to store oil, the record high U.S. oil inventories will continue to give the bears support for lower price forecasts. In my opinion, we are nearing the mid-point of the bottoming process for oil. At the beginning of the year I predicted that oil would test the lows several times during February to May, and then begin to rise. I’ve seen nothing yet to change my opinion.
In the short-term, I am expecting energy investors to remain on the sidelines until they see U.S. production growth slow and demand increasing.
By Dan Steffens for Oilprice.comComment
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Good read. Make oil!!!!Comment
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Just heard from an old coworker that they let a bunch more folks go at the company I was working at last month.Comment
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Oil blowing back up through $50.
High is $52.48
Sure it has a long way to go but nice to see it head to $50 before the $30 - $35 range like so many experts predicted.
Hopefully the trend continues.Comment
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man, I had to lay myself off last week!
getting bad out there. hopefully it starts picking back up.
have those union refinery guys that were on strike gone back to work yet? that had about 15% of the refining capacity offlineComment
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I don't waste my time watching markets and what have you, but I do pay attention to changes. I live close to a railroad and frac sand handling facility, there is a very noticeable upswing in the number of trains bringing material into the facility, it appears someone expecting things to pick up soon.Comment
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Not related to the downturn but I saw this today and I know some of you can relate to this.
Last edited by Fightinaggies; 03-26-2015, 08:47 AM.Comment
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I have an offer to go back to west TX for more money than I left at.
I'm seriously considering going back now.Comment
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