At $40 a barrel many start to feel the heat.
I wonder what about $30 maybe then they close down drilling.
Today folks you guessed it Goldman came out with a downgrade after what oil is down 50% in a quarter..
YOU GOT TO LOVE THE AMERICANS SOMETIMES.
NEVER WANT TO BE LAST AT THE DANCE..
IT REMINDS ME OF A SAYING WHEN I WAS YOUNGER,
NEVER STAY OUT AFTER 2am.. There is only leftovers around.
This is an exact same case...
So is it time to buy ?
Not until June- July
http://www.businessspectator.com.au/article/2015/1/8/commodities/us-shale-will-feel-heat-opecs-price-ware
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