Few noticed it, but Natural Gas was the first energy item to begin a breakdown several days ago.
Then the Gasoline sector followed.
Finally, today, the Crude Sector is having a nervous breakdown.
See Charts attached.
This is the beginning of the end of the Great Energy Bubble.
By this same day next year, gasoline will be $2.33 or less.
Just about the time that all the carmakers have scrapped their truck plants, and are building mini-cars that no one will then buy.
The time to buy a pickup/SUV IF you need one is NOW. The time to buy a mini-car will be 1 year from now when they can hardly give them away.
I’ll post to this thread 1 year from now, and we’ll put the charts up again.