A couple of reports out recently on the oil price. One from...

A couple of reports out recently on the oil price.

One from reuters. Gloomy as all hell and touting the China slow down and Iran compensating for declining  shale production. I do like this quote from the report. The guy obviously hasn't watched nordesmic's video.

"There is unlikely to be any 'end' to the shale boom," Santander analyst Kenny Jason said. "Shale will be an important part of the U.S. and global oil supply for decades to come. "Bernstein had the highest 2016 forecasts for Brent at $86 a barrel, while Natixis had the lowest at $48.50.

http://www.reuters.com/article/2015/09/30/us-oil-prices-poll-idUSKCN0RU14D20150930

And then this from CNBC. Russian bombing in Syria (remember I gave you the heads up on the Russians even before the US made it official), hurricane threatening east coast of the US ("Hurricane Joaquin may be having an effect on the market. High seas along the East Coast have been forecast and that could affect barges carrying refined products)" and draw down of a million barrels at Cushing all in the same story.

Truly schizophrenic.

Eshmun