VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Ace of Spades]

The supply and demand issue is already priced into this %50 drop. The surplus is not that big and is being over exaggerated. The world population is over 7 billion and is growing at a rapid rate...especially in india and china. The demand for oil is growing not shrinking. The laughable 1% surplus or whatever it is...is only temporary, and all the experts agree that the surplus is already built into this %50 drop the past 6 months. The reason its not going to drop to $35 like 2009 is the supply is way higher...this is 2015...the WORLD population went up a lot and so did the demand. Even if there is a minor surplus like right now, it won't drop much lower because the demand is higher than in 2009.