Oil: When there is blood in the streets, BUY!!!
October 6th, 2016 by Jason B. Vanclef
All of this talk about oil prices staying in the 30’s from the talking heads on TV fails to consider the reality of our oil dependent world.
The world currently uses 95 Million barrels a day and currently we are producing around 94 Million barrels a day. That is a 1 M shortfall.
With Russian, OPEC, everyone for that matter pretty much at peak oil production, and with new findings of reserves for 2015 the lowest going back to 1947. That means one thing.
Supply will tighten and prices will soar…
Enjoy some insight via the link below.
Final Thought: Think twice before buying that new Hummer with 8 miles per gallon thinking $2 gas is here for good.