May 05/15 – The coming collapse in the crude / whale oil spread

Do you remember all the hysteria about the oil crash a few months ago? How can you forget the famous Dennis Gartman crude will “go the way of whale oil” comment? And then this “Get Ready for $10 oil” Gary Shilling Bloombergview piece in mid-February certainly helped with the bearish sentiment. By the beginning of March, the “market experts” were so worr…