The Counterintuitive Cure For Low Oil Prices

Before I get into the reasoning for my belief that oil prices must go higher very soon to avoid a serious supply shortage next summer, let’s get a few things straight. – Demand for oil is seasonal and October marks the low point for demand each year.  Over the next eight months global demand for oil is expected to increase by 1.5 to 2.0 million barrels per day. – It is impossible for U.S. oil production to keep going up if the active drilling rig count is dropping like a rock.  – The higher the percentage of U.S. oil that comes…