Part 1: The Crude Flood Cometh… and Taketh
What’s ahead for the oil market in 2016: rally or ruin?
Unfortunately, the answer to that question isn’t as easy as you might think.
Had you asked me a year ago, I wouldn’t have given it a second thought before telling you that it’s simply a matter of when production destruction would take place.
After all, the cure for low oil prices is low oil prices.
However, the problem is that even after 18 months of falling oil prices, we’re only now starting to see U.S. oil…