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Wednesday, April 12, 2017 9:06:16 AM
OPEC cuts production - Prices go up - Higher prices helps US producers - US starts pumping more oil - Northern Hemisphere demand goes up during the summer, N.H. is where the majority of the world's money is. - Buyers struggle to find enough oil to fill higher demand. - OPEC buyers turn to the exploding US producers to fill the gap. - They are now regular buyers of the "new oil" in the US and OPEC looses market share. (otherwise known as cutting your own throat.)
RESULT, IMO, the entirety of the US production group prosper! (Everyone down the line. All the way down to the folks who sell boots to the workers.)
You'll need STRONG HANDS to hold the bag that others are selling you!
If you are going to tell others which stocks to buy and which to sell, are you therefore going to cover their losses if you are wrong?
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