So I was wondering with all this talk of the micros of oil and how they affect pricing, and have come to just a few questions that nags me. I know a lot of people here have so much more experience with trading, understanding charts and are able to combine many tools and news events to make an informed guess as to which way WTI is more likely to move. Therefore I'm hoping to get some insight into these ideas. Here goes.... If shorting is being done by the Saudies, Russians and other OPEC members, aren't the American and Europeans also shorting oil? If so then it serves to have the price going down for as long as possible but no one comes out ahead of the other, so all we en up with is a war of attrition, no? But; one factor that didn't change is that the oil being sold at increasingly lower prices, is still a finite commodity and as such will deminish over time. With that in mind, the only way to really win is to let the price of oil rise and hold onto as much of the precious commodity for as long as possible. Unless of course, the people who are selling it short are the ones buying it and storing it at lower prices and are just playing the price action on the short side until it's time to run the price up again? Ha that idea just makes my head hurt. Anyway, my ramble is to say that in my opinion, oil prices are headed back up. Venezuela, Russia, Nigera and other OPEC member states are suffering a lot more from the depressed prices that are the U.S. Nat. Gas CO's. OPEC has to
Cut production.
AI
