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sdholloway56
Esteemed Advisor

86 level in HO

is getting closer- see if a final crude puke into the teens and the seasonal crack spread might get er done.

Pretty steep carry as you go out- you’re not going to get that for very distant delivery

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3 Replies
sdholloway56
Esteemed Advisor

Re: 86 level in HO

Saw an analyst at Oilprice make the case for single digit oil. Those worst case scenarios rarely happen but it gave me some cause for caution.

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rsbs
Esteemed Advisor

Re: 86 level in HO

Ever place a picture up of the fool that was proclaiming "peak oil"  next to the one that is now warning about single digit oil barrels and throw darts to determine which one is the biggest fool?

BA Deere
Honored Advisor

Re: 86 level in HO

Going from "peak oil" to "single digit/barrel oil price" would that be considered a "SD Holloway two step"?