Forex Books Talking

the Iranians have been duped into given up nuclear weaponry, in a perpetual U.S. game of sanctions for ever for the purpose of Iran being systematically disarmed of it's military

capacity much as Iraq was disarmed before a pretext for invasion was manufactured by the Intelligence Agencies all to appease the Saudi and Israeli fundamentalist states (Islamic and Jewish).

After a savage bear market for the oil market for the whole of 2015, the crude oil price has got 2016 off with a bang by plunging to just below $30 before recovering

below $30 before recovering at the last close to $30.68 (WTIC). One does not need to look far for the negative fundamentals that are driving the oil price into dust.

driving the oil price into dust. Fundamentals such as the sharp slowdown in the Chinese economy, fundamentals such as the apparent oil war that Saudi Arabia is engaged in

with the United States shale oil industry and now added to are fundamentals of lifting of sanctions against Iran that can literally immediately flood the oil market with 50 million barrels of crude oil in storage and looks set to up its output by 1m b/d this year.

The crude oil price collapse of 2015 has continued into 2016 with the price of oil plunging to a 12 year low of just under $30 per barrel as a consequence of a perfect storm of falling

consequence of a perfect storm of falling demand, primarily due to the slowing Chinese economy and relentlessly rising output that is not just limited to the usual OPEC suspects but

just limited to the usual OPEC suspects but is as the natural consequences of the fracking boom that continued to ripple out from the US to across the world during 2015.

The first thing that popped into our minds on Tuesday when WTI oil briefly broached $30 for its first $20 handle in many years, was that this should be triggering a Gawdawfu

this should be triggering a Gawdawful amount of bets, $30 being such an obvious number. Which in turn would of necessity lead to a -brief- rise in prices.

Apparently even that is not so easy to see, since when prices did indeed go up after, some 3% at the ‘top’, ‘analysts’ fell over each other talking up ‘bottom’, ‘rebound’

talking up ‘bottom’, ‘rebound’ and even ‘recovery’. We’re really addicted to that recovery idea, aren’t we? Well, sorry, but this is not about recovering, it’s about covering (wagers)

The oil price collapse is having a devastating impact on ALL of the worlds major oil producers as it's not just a case of what is the break-even price but the price necessary

even price but the price necessary to finance government budgets that are now in deep deficits which has been triggering increasing global instability as the price has slid to $30