Nothing can stop market forces, in the end. The constant jawboning out of OPEC, the lies that speak to fictitious supply constraints, and a booming global economy that never seems to materialize, has resulted in a stymied pricing of the oil markets, ahead of a gigantic debt wall of bonds coming due in 2017.
In spite of ‘bullish’ EIA data out today, WTI is plunging, now lower by 2.4%, sending oil stocks straight down the drain.
Thus far, commodity markets are weak, whereas bonds and gold are strong. It doesn’t look like a very bullish risk on day.
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How about the DUMFUKS at Ford gratuitously coming out with “2017 will be a worse year than 2016”.
Why didn’t they just say “Ford is a piece of shit stock – sell it, and our MANAGEMENT is a piece of shit,
and we PR men are a piece of shit because we love to knock down our own stock!”
ford is the best american auto producer. if ford is shit then Chrysler and Dodge is diarrhea. ford is over priced like everything else but they will survive lot longer than tesla.
Nice call on fcx months before anyone else brings it up
Looking forward to sub $1 gas this winter.
Watch the offshore names they will be on the sea bed soon, just the first domino to fall in the energy patch, IMO.