VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Phatlander]

Here's why this post is wrong. Think of Cushing as an Olympic sized swimming pool you are filling with a fire hose. You are saying, once that is full, you have four other swimming pools you can fill. Well, guess what, of the other four pools, one is a family sized 28' round pool four foot deep, and the other three are kiddie sized pools. Oh, and the family pool is already 70% full while the others are only half full. You, as a long, are the guy holding the end of the fire hose, and while you are looking for the water pressure to get cut, the Saudi's have increased the water pressure, and now Bakken has hooked their high powered pumper tender to the Saudi's supply source..,get the picture?
Something has got to give, and the Saudi's have emphatically said it won't be them. Now they are conceding the damage will be long term, ie no $100 crude any time soon.
You can find some of the info in this link (a graph and numbers):

http://www.zerohedge.com/news/2015-03-21/perfect-storm-oil-hits-two-months-us-crude-production-soar-just-storage-runs-out

Today UWTI has been looking strong...

JMHO.