"...the bad news is that prices are rising aggressively from coast to coast.
As of yesterday, Fox News was reporting that the price of gasoline had risen “for 22 straight days”.
The main reason why prices are skyrocketing is because supplies are starting to get really tight.
The main reason why prices are skyrocketing is because supplies are starting to get really tight.
In fact, it is being reported that the crude oil hub in Cushing, Oklahoma could be “effectively out of crude” in just a few weeks…
In such a scenario, how high could the price of oil potentially go?...Read all.
Needless to say, we have never seen anything like this happen before....may be just weeks from being “effectively out of crude.” The bank’s conclusion: “if nothing were to change in the Cushing balance over the next two months, we might expect front WTI spreads to spike to record highs—a “super backwardation” scenario.”
In such a scenario, how high could the price of oil potentially go?...Read all.
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