Thursday, January 8, 2015

When A Few Producers Go Bankrupt, Oil Will Go Much Higher

In the energy markets, what is happening there, its a political situation that is taking place. Unfortunately, when they bankrupt a few producers, such as the fracking companies, I am afraid oil is going to go much, much higher.

Related exchange traded funds: Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO);