Providence Resources - Re: PVR Stream Log - I see Goldman Sachs are...

I see Goldman Sachs are saying that oil will remain lower for longer, based partial on storage being full. That is one of the interesting things about the US, The refiners create a bottle neck due to having a small number of refiners. So it is not that hard to fill storage. On the other side of the coin The Energy Information Agency are saying that the US will have a lower production of crude at nine million barrels and The Energy Information Agency are saying that production from non Opec Countries will decline at the steepest rate in twenty years. So it is hard to see Forty dollars a barrel next year like Goldman are saying. They did call oil at two hundred dollars a barrel a number of years ago, so I would think maybe they are talking the price down for their own purposes. Nothing wrong with that to be honest. That's their job.