Thursday, January 30, 2014

Cheap oil peaked in 2005. Now the oil companies are in big trouble. Big. Look at these graphs.

Oil companies are spending like drunken sailors, but the oil is not falling in love with them. This means that a direct bailout or more QE is on the way. Because the best thing to do with a drunken sailor is give him more money.

thanks to https://www.facebook.com/photo.php?fbid=576109929131043 for picture from WSJ

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