VelocityShares 3x Inverse Crude Oil ETN (DWT)

[longymickshort]

Brent 75$ first who knows ? Oil seems to be joining the rotation into this buy everything market it looked cheap and its catching a herd bid. One things for sure there is plenty of oil out there. Lets just see who gets greedy first probably Iran Iraq or the Russians. Big oil hedging should bring plenty of supply back.. If history is any guide there will be some cheating this is not the old Opec if they keep up the cuts they are going to lose market share . Futures contracts rolling over into March will be an interesting month . I bet the Saudis at least will trim the output cuts fairly soon as they become concerned about over shooting their price target. Hell they can always reintroduce the cuts later as they see how faithfully the market reacts to their rhetoric. JMO.