This is one heck of a knee slapper.
OPEC raised their production ceiling to 31.5 mill barrels from 30 mill, due to Indonesia reentering the cartel.
This is just plain retarded. These clowns are all in the same car and they’re all going off the cliff–no questions asked. The very basic human instinct, self-preservation, is devoid in these monstrous people. Like the gluttons in Haiti, who tore down the forests for short term gain in exchange for long term flooding, the member of OPEC will remember 2015 as the pivotal time when they fixed themselves a course for disaster.
Crude is below $40 now.
Due to the better than expected jobs report, futures reversed a 100 point gain and are now lower, thanks to a fuckhead Fed hell bent on plunging us into recession.
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