I have been bearish on crude oil and energy stocks for a long while. Just yesterday, I did a post for our beloved premium members called Try Weakly which, yet again, spelled out the specifics of my positions. I have also done this in the face of every other analyst on the planet calling for vastly higher prices, including Zerohedge (where I’ve evidently been banned………) which has repeatedly called for $300 oil, even as recently as a few days ago.
I think my judgment is closer to the mark.
I would further state that we’re heading for the last feeble line of support. I think $30 oil is vastly more likely than $300 as the entire world’s economy collapses into oblivion.
