pl consider the following facts:
a) if oil was really in demand, there was no need for OIL PRODUCERS, to cartelise the markets..and talk of decreasing production or freezing production. Oil is surely being fast replaced by Solar power (which is anyways the prime source of all energy).
(b) To evidence what i said above, think of the following: If all the exchanges on which Oil is traded, simply called for 100% margin coupled with PHYSICAL DELIVERY instead of CASH SETTLEMENT, oil would drop immediately to the actual price (which cannot be more than $20 per barrel).
one must think of the above fundamentals before thinking to BUY oil at the current prices. It is simply not sustainable - as it is far away from its fair pricing.
Thanks for your comment.
There is a big game playing on the oil prices. Some countries is accept and supporting this prices, some countries are not. If the countries especially USA can solve the suistinable alternative energy, the oil prices going down quickly. Your comments is really good. I just wait the price band reach to 53 - 53,5 then i put my order at this point and wait till 43 per barrel.