Just amazing
Gas
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Re: Gas
Unfortunately I , like most people, don't have a way to store and preserve 1000 gallons at those prices. I also saw diesel under $2.
While the demand side isn't looking to get much better in the immediate future, I think there will be some production cuts overseas. OPEC and the Russians appear to have problems sitting down at the table but apparently the US is getting involved as well. Production cuts from overseas are coming, but I can't say when. What is harder (for me, and I'm no expert) is predicting if the big gains for WTI in the last few days are just a temporary spike or represent the beginning of a recovery.
While the demand side isn't looking to get much better in the immediate future, I think there will be some production cuts overseas. OPEC and the Russians appear to have problems sitting down at the table but apparently the US is getting involved as well. Production cuts from overseas are coming, but I can't say when. What is harder (for me, and I'm no expert) is predicting if the big gains for WTI in the last few days are just a temporary spike or represent the beginning of a recovery.
Jeff - Street Triple 675R / GSX-R600 / F850GSA
Re: Gas
I think they are temporary, speculation based on new talks next week and the feds buying some for the reserve. No doubt they will cut production overseas, but we'll probably cut production too.
K1600
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