Hello, Subscribers:
Haymaker readers can be forgiven for questioning the validity of the view, so often expressed in this newsletter, that the alleged glut in the oil market is erroneous. Yet, as Cornerstone Analytics’ Mike Rothman tells his clients almost every week in his Friday video, follow the data.
If you do so, the inescapable conclusion is that the supposed oversupply is a dubious narrative. In fact, one could plausibly argue it’s exactly the opposite.
