GREAT analysis of the current supply driven oil glut. Very much along the lines of a presentation I gave for our clients in December. However low prices are likely to remain for longer than some of the analysts quoted herein expect. We appear to be in a “secular” bear market for energy that could last 15 to 20 years. Good for kickstarting the world economy!
Back to the Future? Oil Replays 1980s Bust
The Wall Street Journal | By Russell Gold
A surge of oil from outside of the Middle East flooded global energy markets. The world-wide thirst for crude didn’t keep up. The Organization of the Petroleum Exporting Countries stood by and watched as oil prices fell and then fell more.
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