Transocean Ltd. (RIG)

[ogbull]

We are being assaulted by market manipulators, mainly Bloomberg's TV.

Look at all the red background colors, and listen to the massive negativity. You might even think the world is ending! All the heavy guns are out crying oil is crashing. It makes no sense for oil to drop from here unless you view it as pure munipulation and realize that manipulation is exactly the same as propaganda. If you repeat the same old shit over and over, the stupid public will start to believe and sell their shares. This is what the manipulators want--your shares at a cheap price.

Sure there is overproduction in the US by shale produces because they bought hedges but this will all dry up in a few weeks and production will fall like a stone. I also don't think OPEC can continue to give away oil so cheap. OPEC is almost ready to come apart at the seams. Every OPEC country is trying to borrow money--they are all in deep trouble, even Saudi Arabia has money problems.

They are meeting with Russia now about cutting production to secure $60 per barrel at least. But Russia wants to sell Iran, Saudis worst enemy, long-range missiles. So how is this gonna play out?

The idiot Obama has open a can of worms that can not be closed. I can hardly wait till this is is gone. I urge everyone to vote for Trump and less reclaim the US and get our jobs back.