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Thursday, February 12, 2009

How They Took Down the Price of Oil

I figured out how they took down went like this.....

1) They wanted to desperately take down the price of light sweet crude because its a bench mark for all pricing

2) There was (is) a shortage of light oil but a glut of heavy

3) so they pump light sweet to cushing from the SPR and replace it with heavy sour

4) The EIA week reports no change in SPR levels but Cushing is full of light sweet

5) Market concludes there is a glut of light sweet and they are right but for the wrong reasons

6) Don Coxe was right about the deliberate take down in oil

7) I just figured out how they did it


I am a genius (but a broke one)

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