Replies to post #31191 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[chrispy2468]

Lol. I agree. There most definitely will be cheating. It is impossible to exactly calculate and regulate every ounce of oil that comes from the earth. And to say that we can cut back a percentage or freeze is only on a good efforts on the countries side. It may also be a hard Theory to follow being that to make more money you need to produce less oil… Normally more equals more, and less equals less, so for them to understand to make more money to produce less OL, it might not add up

[Fanthos]

5 years?! No they won't. The country will revolt because they are used to lavish lifestyle and buyouts. When that goes away. All hell breaks loose. Wars will be started before hat happens.

[tradersrule]

It won't even reach $40. Iran is on a mission to ramp up production, and the Saudis are too damn greedy to allow them to steal market share. 1 + 1 = TOO much oil.

$25 next.