Why are oil prices so low?

[bh_prop]

Why is Crude Oil so expensive? We are so gullible and use to paying so much, big oil companies been screwing us for years and when they say bend over, we just take it. If bread went from 95 cents in late 1990s to $14.70 few years ago, would the entire nation be on front lawn of Congress? You think the guys who are at the wells making 14 times wages few years ago, LOL.
Just the calm before the storm and they will stick to us at $200 barrel one day.

Big oil doesn't set market prices cuz if they did they sure as hell wouldn't be setting them at $50

 

[Eddiemorra]

SHORT here at 49.25 for a swing down.
Could see 15-20 soon

 

[Eddiemorra]

already nearly 70 ticks in profit!
not bad for 20 mins - lots more to go, though. It's what I call a very safe short

 

[Eddiemorra]

SHORT here at 49.25 for a swing down.
Could see 15-20 soon

already nearly 70 ticks in profit!
not bad for 20 mins - lots more to go, though. It's what I call a very safe short

new lows
keep holding, gents! another 20 dollars or so to go

 

[Eddiemorra]

SHORT here at 49.25 for a swing down.

getting on for $2 profit on that short. Hope some of you joined me! Won't be much easier money for a good few months yet!

 

[Eddiemorra]

SHORT here at 49.25 for a swing down.

 

[Eddiemorra]

lets see if we can carry on the fun this week!

 

[Eddiemorra]

SHORT here at 49.25 for a swing down.

Nice trade so far.
Trading at 45.75 now.
Should see 42.00 or so this week.

 

[Wealthy Bucket]

Although the opportunity has been very good, we are categorizing the crude trade as “low reward,” simply because there remains much political risk in the commodity. Experienced investors may enter/-re-enter into crude short positions if the commodity trades back up to immediate resistance. We are leaning towards the probability that the commodity will trade down to our Target Pivot before retracing back to immediate resistance.

 

[bone]

Supply > Demand