How to Prepare for the Biggest Oil Collapse in Nearly 30 Years: CAE, MG.A, CAE, MG

Over the past couple of months, there’s been a general belief that oil prices have bottomed out at US$50 per barrel. There’s also been a belief that prices will rebound, perhaps in the second half of this year. After all, producers are cutting back on drilling, and low prices may lead to increased demand.
Those forecasts are not looking too good right now. Despite reduced drilling, production remains very healthy. Demand has not been able to pick up the slack. The oil price has fallen to US$43, well below the supposed US$50 support level, and there’s plenty more room for this number to fall. (more)

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