Market Watch: Downside Surprise Possible; Holding CLR as Insurance

Link here.

The author presents one more opinion on current state affairs of oil and price of oil.

Again, this fact is presented: there is no more storage available at Cushing. If one "buys" oil, one must take delivery, or sell it before the delivery date. The author argues that some folks may be scrambling to unload their oil "at any price."

In the "old days," Bakken oil was at a disadvantage due to lack of pipeline capacity to get the oil to Cushing. Now with Enbridge shipping only sweet crude (i.e, only Bakken crude) from the Williston Basin, and with increasing rail shipments, Bakken oil companies should be sitting pretty.

Out of nowhere, the author ends his article with a shout-out to CLR.