Demand destruction is cranking up big time and oil is getting hit hard. $70 wouldnt surprise me at all. And OPEC always cheats on eachother. So that’s probably not gonna work either.
But, we are addicts and when things start to turn around, watch out! It’s gonna blast off again. Only question is “when”. Could be quite a while…unless the world gets a little conflict going in all the wrong places. Perhaps Rainwater is betting on some unrest? He is pretty close to the shrub family. Come to think of it, probably not a bad idea to follow his lead with a little something/something in the DIG. It is getting low. Maybe buy at the end of tomorrows carnage? I’m liking that.