Friday, January 18, 2019


As much as we all hate “I told you so’s”, here are a couple. Headlines from the past couple days include: 1. BREXIT. When this was first brought up in 2016, I voiced my opinion that it wouldn’t be successful and not to worry about it. As of this morning, it looks like the whole thing was a huge waste of time and is going nowhere… time will tell, but I could have told you that as well. 2. Did you catch my update last week? One of my talking points was oil, the price per barrel, and Iraq’s sneaky but convenient exception to the ongoing limitations on production by OPEC members. Just look at these headlines. “Could Oil Prices Rise By $25 Per Barrel In 2019?”; “Kuwait National: $ 65 Brent crude average during 2019 and 2020“; “Oil Markets Could See Deficit In 2019 The oil supply surplus is “starting to reverse,” according to a new report from Bank of America Merrill Lynch.” (the word “deficit” is a good thing here); “Heavy Crude: From Glut To Shortage – Jan 15, 2019, 5:00 PM CST” (“Shortage” is another good word for us right now); “Oil rises with hopes of a better market under OPEC-led cuts ” … and so on. Here’s the thing, folks… this is the situation that Iraq wants. This writing is on the wall, in the headlines, and it’s heading towards RV time. Iraq can read the headlines just as well as we can, so for now we just hang on tight.

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