Oil continues to slide into the mid $70-$80 / barrel, for WTI. - TopicsExpress

Oil continues to slide into the mid $70-$80 / barrel, for WTI. This boom lasted 4 3/4 years. The slide hasnt stopped, and producers are flooding the global market with oil. I think I forecasted this October 7th. Next up is the OPEC meeting on the 27th. The world has to use up the supplies from this peak before another boom. There is a global surplus, and technology makes it easy to re-fracture old wells, instead of punching new holes.

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