Microsectors US Big Oil Index 3x Leveraged ETN (NRGU): That's the IMF's point. They are...

Microsectors US Big Oil Index 3x Leveraged ETN (NRGU)

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Lowjack

Re: Steady_T post# 826

Thursday, 11/11/2021 2:27:03 PM

Thursday, November 11, 2021 2:27:03 PM

That's the IMF's point. They are the same thing. They have no other source of income.

The pain starts at approximately <$80/bbl, when it get's to ~$45 aramco is insolvent! Sustained prices that low will destroy their country.

Here's to $10 oil!

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