Chart Check (A “Rigged” Market)

Chart Check (A “Rigged” Market)

I don't think I need to rehash my thesis on crude markets here as it's well known to anyone who frequents these pages (for anyone new to the Heisenberg Report, see here for some random, stream of consciousness ramblings on oil). Suffice to say I'm in the camp who believes we'll never get any real balance until capital markets slam shut on US operators who rely on debt, revolvers, and follow-ons to plug their persistent funding gaps. In other words, the OPEC cuts will only matter if gullible i
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