Yeah it's an interesting one isn't it Pisces. I can make a case for temporarily higher prices, but $60-70 will be absolute max without an OPEC deal, and that aint happening while Salman is calling the shots. Anything above that and the shale taps get flicked back on. At these levels however I think it's a pretty attractive risk reward proposition (short). If $50 gets taken out convincingly then i'll stop myself out.
The Big Boys, page-604
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