Oil prices are falling again this morning with the daily salvo of bearish elements continuing to hit the market. Goldman Sachs was on the tape this morning saying that WTI prices are headed to $41, and will need to stay there for an extended period, if OPEC is to succeed in squeezing out the US shale producers. Venezuela’s president is acting like he is seeing his country’s life past before its eyes, and he may be right. He was on the wire saying prices needs to return to $100 per barrel in order to achieve “equilibrium.” Whose equilibrium, we ask?
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