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… anyway, short term prognostication:

EIA forecasts larger crude shortage in Q1/18: In its latest “Short Term Energy Outlook”, the EIA forecasts a growing crude supply shortage of 0.5 mmbbl/d in Q1/18 (up from 0.3 mmbbl/d in Q4/17). This is expected to flip to a 0.9 mmbbl/d oversupply by Q2/18, with supply growth outpacing demand growth.

And so, … short term it all looks good. Rather than playing a few selected outfits, this time, I’m playing XLE. Very nice chart since about Sept.’17, …
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