Economics will dictate that you can only build so much storage to avert a price drop from continual over-supply and, right now, the world produces more Oil than it consumes each day, and it has for the past 16 months. This trend will only get worse so expect prices to finally start to address this over-supply issue in the Oil markets in 2013. [Let me explain further.] Words: 1640
Read More »There Would Be Pain – and a Silver Lining – to $200 Oil! Here’s Why (2K Views)
U.S. imports of oil have skyrocketed from 28% 30 years ago to 49% in 2010 [and if the price of crude oil were to skyrocket it would have devastating effects on the economy but be advantagous to the savvy investor. Let me explain.] Words: 368
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