Stock levels begin to fall, production rates begin to fall and this writer thinks that is only sentiment?
Gentlemen, place your bets! The options market is open to all, if you think you know what will happen in the future, then you can wager your money on it.
However, a surprising number of people who thought they knew what would happen in the future have lost their stake.
Flaubert wanted to write a novel
About nothing. It was to have no subject
And be sustained upon the style alone,
Like the Holy Ghost cruising above
The abyss, or like the little animals
In Disney cartoons who stand upon a branch
That breaks, but do not fall
Till they look down. He never wrote that novel,
And neither did he write another one
That would have been called La Spirale,
Wherein the hero's fortunes were to rise
In dreams, while his waking life disintegrated.
Even so, for these two books
We thank the master. They can be read,
With difficulty, in the spirit alone,
Are not so wholly lost as certain works
Burned at Alexandria, flooded at Florence,
And are never taught at universities.
Moreover, they are not deformed by style,
That fire that eats what it illuminates.
The recent rise in oil prices make as much sense as the Dow reaching all time highs while the actual economy is in a Depression. The author is merely pointing out the obvious.
Perhaps he’s right, perhaps he’s wrong. But with that said, I have friends and a few relatives that own ridiculously small pieces of mineral interest in several Texas counties. And they are receiving nearly daily offers for their mineral interests.
To me that means at least two things. 1. Those ‘little’ bits of mineral interest are very valuable. 2. There is a great value to these people to talk ‘down’ the price a barrel of oil will be worth in the near term future. And to expect that oil will still be valuable in the long term.