InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,477.90
(
0.16%
)
US TECH 100
19,144.80
(
-0.16%
)
Dow Jones
39,127.80
(
0.04%
)
Brent Oil
84.47
(
0.34%
)
Bitcoin
60,898.48
(
-1.48%
)
Post# of 364430
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

silencedogood2011

Send PM Follow Ignore
Followers 101
Posts 5044
Boards Moderated 0
Alias Born 07/31/2010

silencedogood2011

Re: jimmybob post# 281886

Thursday, 01/21/2016 11:33:36 AM

Thursday, January 21, 2016 11:33:36 AM

Post# of 364430
Morning JB.

I agree short term some covering will come out. The problem is capacity verses consumption. According to Merrill the demand has not dissipated at all but as we all know supply is growing. The only major storage facility in the U.S. is the strategic reserve. and it is at 98% capacity with most refineries reporting over 90% capacity. Something must give here short or medium term.

Risking it all to obtain the reward, necessitates the motivation to succeed.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up