Weatherman2020
Diamond Member
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Will Trump Send Oil Prices Crashing?
Summary
For now, prices seem to be stuck on a downward trajectory because there is still too much supply on the market and record amounts of storage according to the EIA.
The number of oil and gas rigs in the U.S. has doubled from its lowest level in 75 years.
This shale boom is different, however, with the industry having been transformed by the oil price crash.
http://seekingalpha.com/article/4055159-will-trump-send-oil-prices-crashing
Will Trump Send Oil Prices Crashing?
Summary
For now, prices seem to be stuck on a downward trajectory because there is still too much supply on the market and record amounts of storage according to the EIA.
The number of oil and gas rigs in the U.S. has doubled from its lowest level in 75 years.
This shale boom is different, however, with the industry having been transformed by the oil price crash.
http://seekingalpha.com/article/4055159-will-trump-send-oil-prices-crashing