VelocityShares Daily 2x VIX ST ETN (TVIX)

[BRONSON]

Doesn't look like it's going to be too much fun at all today.....

I'm trying to comprehend the parallels between the price of oil and the market in whole.
I know there's some kind of Link...

U.s. WTI needs to stay above $52.
the Texas oil producers and offshore need 52 bucks a barrel just to break even...

There's not too many oil producers in the world that can pump it out for less than that and make money....

Except for Saudi Arabia....
they're sitting on so much and it comes out of the ground so easy they could probably make money at twenty bucks a barrel...

Take the federal state and local tax off a gallon of gasoline and it ends up being cheaper a gallon then a gallon of spring water at the grocery store...

Good luck all.....