Generation corruption is bringing the fox to the hen house:
"Ever since the U.S. Supreme Court broke up John D. Rockefeller’s Standard Oil in 1911, the energy industry has been at loggerheads with the federal government. Now it is the government -- or may be if Exxon Mobil Corp. Chief Executive Officer Rex Tillerson is confirmed as President Donald Trump’s secretary of state."
“Donald Trump doesn’t want to drain the swamp, he wants to drill in it”
NEVER GO FULL RETARD:
Forrest Trump wants this mega-tool to run the branch of government he was going to abolish, if he could only remember the name of it...
Peak oil is of course a REALITY. However, 0% interest rates allowed TRILLIONS of dollars of capital to pull forward decades worth of production to the front month futures. In other words, in the Oil industry "supply" means how much oil is coming out of the ground, not how much oil is left in the ground. And unfortunately, that entire miscalculation doesn't factor in what happens at the end of the cycle amid mass bankruptcy and zero future investment. Oil buried a mile deep stays a mile deep.
And the industry itself will be buried in the front month, when speculators realize no one is on the other side of the OPEC trade...
EPIC CON JOB VISUALIZED:
Total crude futures long positions