Usually, higher oil stocks = lower prices,
unless central banks are printing currency to artificially inflate prices
Oil is now trending towards a lower low for 2016 than last year,
except inventories are much, much much higher,
while the value of oil company stocks become over, over priced
Oil is an indicator of economic growth,
so as oil goes down as inventories rise and oil companies lose money
the world's financial markets should have fallen and didn't,
meaning central bank printing is artificially holding up stock and bond markets
to keep the population pacified, especially into November's US election
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| http://www.zerohedge.com/ |
$180 billion of fiat currency per month keeps the frogs in the pan
This is what a bubble looks like,
the expectation of profits going forward;
But the prices have been falling,
making the above forward earning expectations crash, again;
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| http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic |
Once off the cliff, there is still hope if you keep running
By running ever faster you may not fall
Wile E Coyote
Wednesday, July 20, 2016; Oil
http://greensboroperformingarts.blogspot.com/2016/07/oil.html
Wednesday, July 13, 2016; IEA July 13, 2016: "Gasoline Glut Could Cause Oil Price Rout"
Monday, July 11, 2016; What direction does oil look like it's going?
