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    Analysis

    February 25, 2015

    Final Thoughts

    Written by John Packard

    I couldn’t escape the snow. Our offices in North Georgia were closed today due to 4″ of the white stuff which paralyzes those in its wake in the South. However, I traveled to Chicago yesterday only to find that the flurries being forecast earlier in the week became closer to 5″ of snow and much, much colder than what they are experiencing back in Georgia. So, if you need to reach me on Friday you can do so by email or on my cell. I will be the voice shivering at the other end of the line (wind chills forecast to be below zero on Friday). I will be back in our GA office on Monday.

    I was reading the Armada Corporate intelligence report this evening. One of the items they mentioned was to watch the oil storage tanks in Cushing, Oklahoma. There are reports that the tanks may be full in the next 8 weeks or so. What does that mean? If the storage tanks do completely fill up oil prices could drop to $25 per barrel or, about half of where it is trading at this moment.

    John Packard

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