Chesapeake Energy Corp (CHK)

[ogbull]

Pay Close Attention Here!

My underlying message is an example of market manipulation and spreading of false information by the media.

http://www.cnbc.com/2016/07/05/us-oil-reserves-surpass-those-of-saudi-arabia-and-russia.html

The info was first released by the Financial Times of London so do consider the source.

The bold fabrication in the 1st video is that the US has more oil reserves that any country in the world according to one lonely research group in Norway. In other words, a story with no supporting follow-up studies.

The 2nd fabrication in the 2nd video is that oil prices will drop back to the $30 range due to oversupply. In other words, the message is that the US is awash in the world's largest oil reserves and will be always by awash in cheap oil for decades to come. WTI will drop into the 30s and never recover.

The funny thing is that the more you think about the information as laid out in a confusing manner, the more you see the manipulation. In other words, you need to put on bullshit detectors to pick the crap in these reports.

The first thing you are expected to believe is that the US has more oil reserves than the Saudis and Russia. But notice that after they inform you of this fact, the announcer quickly tells you about research that disputes this outright lie.

I point this out because this is slick stuff done professionally to fool you into selling your oil stocks!