T’was the energy report before Christmas and Trump’s tax cut passed through the house, not one Democrat voted "yes," they just sat there and groused. The hedge-funds stuffed political stockings with care in hopes that the carried interest loophole still would be there. The Democrats wanted to tear the bill into shreds--it’s just a tax cut for the rich--and that was all that was said.
Roll out the barrels; raise up production before supply falls again. Fill up the tanker; I may be rushing things, but supply is down again now. For we need a little oil, right this very minute, refiners have a window, no matter how bears spin it.
Last Christmas, you said shale would jumpstart, but very soon after, it all fell apart, this year you say no more tears, you say that shale will be special. Last Christmas you said production would rise it did but fell far short of your prize. This year, you say have no fear, we will hit a new high threshold.
The forties is down till Christmas, in the old North Sea, it will slow that oil flows into Scotland’s refineries. Christmas will find price hikes, all the way downstream. The forties is down until Christmas and the oil price will scream.