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Agree re oil and SXY. But why are Iran actions a big mistake by...

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hindmost

1,485 Posts.

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25/09/18

15:10

Post #: 35829221
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Originally posted by tui ↑

Hi Paddie,
If you add it all up then oil is in for a sustained rally.

1. There has been little exploration in the last 4 years.
2.Energy demand is growing by over 1 million barrels per day...notwithstanding the growth of alternative fuels.
3. Conventional oil fields are declining by at least 3 mbpd per annum
4. Venezuela is a cot case.
5. Libya is under attack by militas
6. The USA is threatening to stop Iranian exports. This could be a BIG mistake by Trump.
7. Spare oil capacity has dropped to an alarming 1.5%.

SXY is very well poised.

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Agree re oil and SXY. But why are Iran actions a big mistake by Trump? USA is fully oiled up, so they will be OK. But surely Iran is about more than POO.

SXY Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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