Why oil prices MUST GO HIGHER to balance supply & demand

[dan_s]

You all need to listen carefully to the podcast at this link:
https://spearsresearch.com/podcast?utm_ ... de072124d3

When you cut and paste it to your browser there should be no space between the first and second line.

In the podcast they are talking about OECD oil inventories, but they include all petroleum liquids (crude oil + refined products + NGLs).

This confirms to us what Raymond James presented at our luncheon on July 31st: "When the Wall Street Gang realizes that global inventories are very low on a days of supply measure, oil prices must go higher." The speakers' oil price forecast comes near the end.