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2015-07-22

  • shaved_head_and_balls commented on Dr. Paul Price's article 07-22 15:35
    The Truth About Oil... Is Not What You Think It Is.
    Headlines proclaiming last year's 46% decline in the price of oil are designed to provoke fear while goosing readership and ratings. Professional...
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    shaved_head_and_balls 07-22 16:35
    • You're caught on the wrong side of the commodity cycle. You'll have to learn the hard way. He who believes that any commodity will stay elevated far above historical norms is the speculator. Commodities do not rise substantially above the rate of inflation in the long run.

      Slowly the speculators are exiting the oil trade. It might take another couple of years to wring out the retail "investors"; they're last to get the memo because of their lust for high dividends.
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