I have not read this article yet, and may not get to it until tomorrow.
I am curious how my "world view" / myth compares to the analysis provided in this three-part series by Platt.
For me, this is my "world view":
- re-balancing won't succeed in calendar year 2017
- re-balancing unlikely to succeed in 2018
- those investing in the oil sector need to have a very, very long time frame / horizon (note: I am talking about investors, not traders) (very, very long time frame = 10 years or more)
- the trend for higher crude oil prices is definite and obvious; "everyone" agrees prices are heading higher; headlines in the mainstream media wring their hands over higher oil prices
- the price quoted in the "crawlers" for WTI is clearly well above $60 and trending toward $75 in today's dollars through 2018
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Will OPEC Production Cuts Fail?
Rigzone link here.
Again, I have not read the article yet. I am curious how their views compare to mine.
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