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Art Berman latest on inventories

Nimrod103
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Re: Art Berman latest on inventories

#31556

Postby Nimrod103 » February 14th, 2017, 7:13 pm

ap8889 wrote:http://www.artberman.com/oil-prices-are-at-least-7-per-barrel-too-high/

I wouldn't be grateful for Fools opinions. I am contemplating selling my oil shares and putting the money elsewhere until this inventory overhang shows signs of reducing. Art seems to think the POO is more likely to drift lower in the coming year at least. His guessing track-record is better than mine when it comes to these things.


You may not be grateful, but I will give my opinion anyway. The previous low oil price period lasted from 1986 to 2000 or 2004 (depending on whether you look at nominal or real prices), which gives a duration of 14 - 19 years. Why should this downturn be different?

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Re: Art Berman latest on inventories

#31594

Postby petroleum1 » February 14th, 2017, 9:47 pm

Also the OPEC and non OPEC producing bodies are no fools. They can always resort to other course of action eg increasing production cuts. Shale incremental rise is not that much.

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Re: Art Berman latest on inventories

#32082

Postby dspp » February 16th, 2017, 3:58 pm

Actually oil has done pretty well - it has almost doubled since the low point. Further rises are anybody's guess and certainly I do not have a crystal ball.

regards, dspp


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