http://www.bloomberg.com/news/articles/2016-01-28/crude-oil-rises-on-report-opec-russia-to-consider-output-cut
Will OPEC work something out?
>>1065391
No, not until shale dies. There is absolutely no point in kidnapping someone, driving them out to the desert, making them dig a grave and then leaving them alive.
Shale is gonna get cut up till its bankrupt. There will be no angel investors, just a bunch of scavengers buying the machinery of the dead corpses in liquidation.
the US should really invest in buying self sustaining energy already
>>1065411
Underrated post.
Ive bought the oil dip but I do believe we havent seen the bottom yet.
Like you said SA hasnt done enough damage to its competitors yet.
http://www.bloomberg.com/news/articles/2016-01-27/oil-holds-near-32-as-rising-u-s-crude-stockpiles-expand-glut
>OPEC delegates say no plans to hold talks to cut output
Too many people who needs to agree for anything to happen I guess.
This is like prisoners dilemma and nobody trusts each other.