Originally Posted by
SkyGodKing
Oil is going up again.
The black Swan is here.
Who should I listen to? Armchair quarterbacks on APC that view things with their own political bias, or people who actually put up their own money. For every futures contract, there is a buyer and a seller that determines the price. IOW.... the fair value of whether they think they will make money or lose money.
Currently the futures contract for DEC is $72/barrel. That may or may not prove to be true 7 months from now..... but as of now, that's what I would consider to be a more logical input/thought as opposed to the politically biased APC opinionated "rants"