I've been buying oil service stocks since the 1980's. I have never seen, nor would ever imagine that I would see, all the lying propaganda being spread about crude and oil services. My God, somebody should demand that the FTC step in and stop this absolute criminal activity.
Notice also all the subliminal background red and the red dress on Betty Liu and other announcers. This is all illegal manipulation, which explains why Bloomberg bought the TV stations. How much does he earn on the side to sell information on his upcoming propaganda releases?
Oil service investors are under attack!
The problem is that a lot of idiots buy into this shit like blind pigs so you have to give weight to the manipulations.
As an example, not once have I heard anyone on Bloomberg's TV mention the $90 hedge that shale producers have had for the last year. No wonder we are overproducing and the storage tanks are full.
But these hedges come to an end in about a week. There are other hedges but not for $90.00, and not as many in force. Banks are calling in loans and foreclosing assets. PRODUCTION WILL DROP AND OVERSUPPLY WILL DRY UP QUICKLY.
It certainly has worked today... there is no way to beat it other than report it to the FTC, but I doubt anything will come out of that. Quoting opinions of others is not lying. However, putting one negative opinion on after the next is nothing more than market manipulation by the media.
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