The Soapbox

Stimp

Joined: 10/15/1998 Posts: 2172
Likes: 1996


I've blown the oil call


What's going on in the Permian Basin is nothing short of remarkable. That place was left for dead in the '80s. I thought all of the recent fracking and horizontal drilling advances would put a ~ $55/bbl cap on oil. Perhaps I underestimated the Saudi impact of the Aramco IPO (GET THOSE PRICES UP!!!), and Russia's complicity there. And, although only a ~ 2mm bbl/day supplier, Venezuela's production is in the crapper.

Gundlach has gone all-in on the 2018 commodity trade. His stuff is worth following.

(In response to this post by Shenhoo)

Posted: 01/18/2018 at 09:11AM



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Current Thread:
  The DOW? Don't see it. -- Stimp 01/18/2018 08:27AM
  Thanks. I've been watching the 2 year and 10 year. -- Shenhoo 01/18/2018 08:51AM
  I've blown the oil call -- Stimp 01/18/2018 09:11AM
  I defer to the brilliance of Paul Krugman ** -- HokieDan95 01/17/2018 7:48PM
  Deleted. See immediately below.** -- Faz d. Hoo 01/17/2018 5:35PM
  Take 2 here. (The board ate 3/4 of my post) -- Faz d. Hoo 01/17/2018 9:48PM
  Big Mac money! ** -- 111Balz 01/17/2018 8:32PM
  It is fine. It's their money. ** -- Hokie5150 01/18/2018 09:39AM
  Not really - this next election may transcend -- walkthecorner 01/17/2018 5:12PM

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