Barrel of Oil
Hey, in case you read my last post on the price of a barrel of oil, I now would like to revise my last statement. It's going to fall. The countries producing it are fighting and OPEC doesnt seem to have much control over supply.. so they're going to keep production as it is. $50 was a price that made sense as a bottom until I realized that the surplus is increasing and production isn't being cut... because the countries producing and selling are acting foolishly.
i think it will be funny when i fill up my tank next at a $1/gal.
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Glen's Musings — AI, investing, and building things. Occasional. Free.
Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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