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Re: loniee post# 665

Thursday, 07/30/2015 5:50:16 PM

Thursday, July 30, 2015 5:50:16 PM

Post# of 5880
this chart is starting to look like $NATGAS a few years ago.

imo the fundamentals behind oil have changed dramatically: fracking, and other production enhancements, mean we'll always have plenty of cheap supply... and the advent of less expensive electric vehicles, plus solar technology, means a slow drip of market share away from hydrocarbons.

the fact that oil has continued tanking during so many terrorist incidents in the middle east is also pretty telling.