Category Archives: Interviews

Interviews

Oil oversupply a ‘double-edged sword’ for OPEC (CNBC)

Oil oversupply a ‘double-edged sword’ for OPEC, analyst says from CNBC.

If OPEC remains fixated in inflating oil prices, they will simply hurt their customers in a weakening global growth environment.

What oil prices are showing is simply that we were living a mirage of bullish estimates and artificial inflation of prices, and it lasted very little.

If you want to be bullish oil from here you need to believe in three things:

. OPEC greed (probable)

. Global demand growth rising (improbable)

. Rates falling and leveraged bets increasing (unlikely)

The reflation trade never existed. It was simply part of the fallacy of synchronized growth, and it is dissipating alongside the central-planned myth of GDP growth by design.