test * Does the continuing rise in oil prices indicate the industry is recovering? *
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- Does the continuing rise in oil prices indicate the industry is recovering? *
see " comments by unemployed douchebags with nothing better to do than surf the internet and post mindless words"
No dumb ass whip dick it doesn't mean that oil is coming back up. IDIOT!!!!!!
The recent uptick in price of oil has largely been driven by the fall in the US Dollar. There has been little change to the supply/demand dynamics previous posters mentioned.
Thank you all for your reasonable, lucid explanations.
Bounce bounce bounce
Inventory record high
Production still high
Inventory increasing = supply outstripping demand = dead cat bounce
Oil will go back down. See "Dead Cat Bounce".
A few days of increased oil prices means nothing in the long run. No operator is going to spend a bunch of money with the "hope" that the trend will continue indefinitely. We will need months of upward trending oil pricing before we can say there might be an industry "recovery".
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it's a supply and demand issue, not a gas price issue. we are waaaay over supplied right now and the damand hasn't really changed plus China economic growth has slowed so demand may have dropped while the barrels are getting churned out left and right.