Thursday, June 30, 2016

Effect Brexit Will Have On Oil

Fuck all.

Yes oil tanked right after, but that is just because day traders are idiots and pee their pants at any scary news. It has since tecoveted.
Even when Britain inevitably implodes, their effect on the market will be minimal. A contraction of their economy will only drop consumption by a few tens of thousands of barrels per day. The North Sea oil fields will decline faster than Britain's demand.

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