T. Boone Pickens is Correct that Oil Will Rise — But Here is the Real Reason Why…
by Jody Chudley
Daily Reckoning
I believe everything is setting up for much higher oil prices by the end of 2016.
Today, I want to show you why I think that.
That way you can use the information I’m looking at to draw your own conclusions.
Let’s get started…
Observation #1 — The Glut Hasn’t Been Getting Worse
In late November, I wrote about how global oil inventories had actually been moving in a pretty normal manner in recent months. On a day-to-day basis, the “glut” had stopped getting a lot worse. To me, that would seem to suggest that the amount of oil being produced and consumed was not that far off being balanced.
Continue Reading at DailyReckoning.com…
Source: http://financialsurvivalnetwork.com/2016/02/t-boone-pickens-is-correct-that-oil-will-rise-but-here-is-the-real-reason-why/?utm_source=rss&utm_medium=rss&utm_campaign=t-boone-pickens-is-correct-that-oil-will-rise-but-here-is-the-real-reason-why
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