Replies to post #39296 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[JRT]

Seen a new tank farm being built south of Beuomont this week. Lots of new activity in that entire region. People are buying pleasure boats again. New money

[toomuchmoney]

as I have posted a few times, the world NEEDS higher OIL, this is no myth, this is the reasoning of global economics, this is coming, $100 is sweet $75/$80 is good for starters

UWTI will be much higher then, higher than OIL

BOOM!

;O)

[kamakiri]

I think demand has already surpassed the (reduced)supply.

Net imports YoY to date: +9.6% or +656kbpd

US Production YoY -6.0% or -560kbpd

Combined, this is 1.216MBPD 'better' than last year from a US perspective. Worst case, it's only close to the 'balance' point from a global perspective. Either way, I think we will be in a period of demand far exceeding supply within the next year.