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Dollar Milkshake Wrecking Ball | Brent Johnson & Michael Kao

Hidden Forces

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Oil in OpEx Commodity

The criticality of oil in this entire debate it all rests with oil. OpEx plus who is now jaw boning and I don't I have my reasons to perhaps doubt the jaw boning but they are saying that they're willing to potentially cut up to a million barrels per day now. Even absent any OpEx cuts in the next several years we're going to reach a point in time where even a recession impacted demand is going to exceed global spare capacity, says David Frum. If there is a real pivot oil will moon and we will be right back to where we started now according to Fergie.

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