Oil Prices

[weijian]

Plunge claims its first scalp as Red Fork Energy goes under

I had thought that in this current bear market for oil specifically, we should be focusing on balance sheet strength , rather than breakeven prices or oil spot prices. Years of high oil prices + Helicopter Ben's QE Xs have created the perfect platform to suck in air for the bubble to become substantially ripe (for a bursting) now. The trigger point comes with oil rout (a severe 40% drop in 6 months) and maybe the sucker punch will come for many, when Fed Chairwoman takes away the party punch bowl in the not too long distant future.

http://www.bloomberg.com/news/2014-12-11...rkets.html