Replies to post #25411 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[blindjohn]

Yep. Would be a fast move to $40 if that happened to happen

[Peasodos]

They wouldn't have brought us to this point if they didn't intend on destroying the US shale industry and other high cost producers. Saudi's are taking significant steps to weather the storm. They have the finances to last several years at these levels. It would only take tops a month or so at these prices or lower to level the US Shale Industry. Why stop now?