Outlook for Crude and Energy Stocks
Cory
July 11, 2017
The Gold and Oil Guy, Chris Vermeulen, shares his insights on what the oil and XLE chart is showing him for the future price moves of energy. When looking at the XLE chart it is undeniable that the downtrend is in place and has been for this whole year. The energy sector is unloved at this time but Chris thinks it could continue for another couple months.
Click here to visit Chris’s website for more gold and oil related commentary.
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Discussion
4 Comments
Jul 11, 2017 11:42 AM
Jul 11, 2017 11:49 AM
Reuters is projecting that the US in 2020 will be a net exporter of 2.4 million barrels a day of oil.
Jul 11, 2017 11:50 AM
Ira’s Morning TA:
https://youtu.be/-Q-DGL2FAs0?t=33
Iran increasing oil production.
Jul 11, 2017 11:55 PM
Makes peak oil gurus look like NUT cases…James Pupava for example,
I believe three things about hydrocarbon energy:
i. Fracking technology has changed the supply-side of the equation forever.
ii. Supply is more limited by infrastructure (pipelines, etc.) than anything else.
iii. From here on out demand will be softened by increasing electrical technological change. (Solar panels, electric vehicles, etc.)