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Energy , Commodities , ETFs , Futures
     

Oil Rigs and Oil Risks: What's Next for the "Boom-Bust" Cycle?

by Robert Folsom
Updated: April 11, 2017

The search for recoverable crude never stops. But, the search is more active at some times than at others -- drilling for crude is immensely expensive and full of risk. Yet here's what is especially relevant to our forecast: The search for crude is a collective activity. So it's no surprise that the oil rig count reflects a textbook Elliott Wave pattern. See it for yourself on our unique chart.

 

Global Market Perspective is Your Roadmap to Global Investment Opportunity

Covering more than 40 markets on 50-plus pages each month, Global Market Perspective prepares subscribers for opportunities around the world. Get the latest forecasts for U.S., Asian-Pacific and European stocks and economies, global currencies, bonds, crude oil and more.

Update on "Bearish Move of A Lifetime in Crude Oil" - What We Said AFTER the Fall

Crude Oil: A Chart You Need to See to Believe

Bearish Move of A Lifetime in Crude Oil: What We Said Before the Fall

Use This Method to Spot the NEXT Big Turn in Crude Oil

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