Oil set to plunge

OPEC did not reach any agreement on production and Iran refused to attend. All nations are set to pump at will and oil gearing up for a huge plunge teens at this point not out of the question.

Kind of the old limba game how low can they go......

You have the nuggets to short?  

I don't trade in oil. But I use oil as the focal point to things that do use oil. I am a bull trader and invest in growth. Florida power and light. Will have great profitability with oil low. Other hand the glut in steel markets oil will not help transportation and distribution will of course get a huge boost as the number one factor is energy to diesel machines. Oil is the number one expense in most product production and distribution. It also signals touristism industry. If oil stays low other areas are set for great sales projections..

I am very old school with commodity market I like things I can have store and sell when my targeted expectations are met. Such as gold silver platinum and palladium. I understand that others can deal in looser terms of paper commodity trading and sell then buy deal in futures and understand very real profitability of short trading offers. I don't engage in this activity. I like physical coins and bars in a safety deposit box. And when I I sell it is because I physically place my hand on a item and exchange it for a check at a gold exchange outlet.....

Oil workers strike in Kuwait.  This is going to be interesting

Saw that but more a concern is feds currency manipulation. Reporting five hours ago through Reuter channel oil and commodity trading set to rise on weaker dollar strength..

I dont know man. Oil has been increasing steadily the last few days since you posted this. That failed meeting didnt seem to have an affect on prices. 

The speculators are driving up the price right now. Look into how much oil is in storage let alone how much is sitting on ships waiting to unload at the right price. Then look at the drop in manufacturing.
We're headed for a slowdown, and China is about to have a debt fueled implosion.

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