Aug 23rd 2015, 18:48:38
Its what mr ford said, its mostly perception over reality half the time with these things. Whether its 'recession' talk or 'oil glut'. You say it enough and it becomes self fulfilling prophecy and some people even begin to believe it.
Just people trying to stir the pot up so they create volatility to trade from.
For oil: The fact of the matter is, if price really followed a supply demand curve, then the change in price would have been gradual, not drop precipitously over a matter of months. We didn't just get a surge in supply and oil glut last year over a span of a month. What really happened was some OPEC members didn't wanna play nice. Threatened to flood the market with supply. And that jump started a trend downwards for oil that became nasty and fed on itself. All of a sudden people go from talking about peak oil to 'oil glut'. Quite literally overnight. Now "oil glut" is the new pet phrase among analysts. What a bunch of buffoons.
Edited By: cronie on Aug 24th 2015, 1:12:39