VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[coppercamel]

Jay my man. Venezuela nationalized there oil and cut Uncle Sammy out of the equation a few years back and he no likee. As the U.S. Population grows so do our oil reserves, should be the same for every country. China building oil reserves while oil is cheap makes perfect sense. I don't think any country has the facilities to "hoard oil". Building islands 1000 miles from the mainland has what to do with the price of rice er I mean oil. I'm not upset or trying to be confrontational. My point is the price is absolutely about supply and demand. There is an over supply because our government wants there to be an over supply. What percentage of oil supply does ISIS control? .0001% if that. Not enough to affect global prices. Big oil and Uncle Sam have a plan that is the big picture. Iran is about to start selling oil on the open market and no one wants them getting top dollar for it. Remember oil is produced using the producing countries dollar but sold for U.S. Currency. We don't want other countries "hoarding" U.S. Dollars if they aren't going to spend the money wisely.