wow, oil inventories down 8.8M
- Thread starter S2007S
- Start date
If oil cant rally on back to back hugely bullish inventory data, there is only one direction its going to go.
True, at least for the short-term.
I'm still not sure what to think re: these longer-term debates on "oil is way overpriced in a speculative bubble" vs. "demand for oil really does justify these prices."
However, I'm pretty convinced there is something of an excessive premium or speculative bubble short-term. When we get a stronger selloff, we'll see how severe it really is.
I'm still not sure what to think re: these longer-term debates on "oil is way overpriced in a speculative bubble" vs. "demand for oil really does justify these prices."
However, I'm pretty convinced there is something of an excessive premium or speculative bubble short-term. When we get a stronger selloff, we'll see how severe it really is.
At what price does the good ole horse and buggy, pony express etc start looking attractive and cost effective?
According to your excellent argumentation we're in a static economy where supply and demand (for transportation, labor, economic raw materials, housing etc.) play no role whatsoever and the ONLY variable that has an effect on the dynamic of economic growth is the price of crude oil alone, the effect of all other factors remains muted infinitely.Quote from Enfinity:
Of course! Everyone will just sell their house and move closer (where) because the demand for suburban housing is huge and there are great rates and terms for everyone to borrow on! You are brilliant!
I said it above, according to ET rationale economic equilibrium and efficient allocation simply don't exist LMAO