The supply side is going to progressively improve in the next few months, while the demand outlook is going to get worse. It's the combination of those two factors that's starting to undermine the bull story in this market.
More Quotes from Richard Savage:
Anger is implanted in us as sort of sting, to make us gnash with our teeth against the devil, to make us vehement against him, not to set us in array against each other.Richard Savage
We need confirmation that demand growth has stalled to move prices lower. If the demand situation looks as though it's getting worse, there will be an outflow of money from energy.
Richard Savage
Prices are off after a big rise during Christmas and New Year. With uncertainty over the Venezuelan strike and OPEC's response, I would expect volatile trade over the next few days.
Richard Savage
OPEC needs to increase production to improve sentiment in the market.
Richard Savage
When anger rushes unrestrained to action, like a hot steed, it stumbles on its way. The man of thought strikes deepest and strikes safely.
Richard Savage
Readers Who Like This Quotation Also Like:
For people who have no critical acumen, a state is a mythical entity, for those who think critically it is a rational fiction, created by man in order to facilitate human coexistence.Friedrich Durrenmatt
He missed an invaluable opportunity to hold his tongue.
Andrew Lang
I fought for years and spent a fortune fighting and never got anywhere.
David Friedman