Tis’ the season to not be a curmudgeon, but let’s not throw common investment sense away, because OPEC made a deal. This cutback on production has been a long time coming, and possibly the Saudi-Iranian rift has taken on cooler heads, but there are numerous problems that aren’t being considered by the market moving forward. Supplies, according to the Energy Information Administration (EIA), are still at an all-time high , and the U.S. shale market is more nimble and better positioned than ever to fill the gap left by OPEC. Basic economics dictates that a stronger dollar will also put added downward pressure on crude reaching the $60-70 a barrel range. The dollar has reached highs not seen since 2003, and with the Federal Reserve raising rates, the Dow rapidly moving towards 20,000 and inflation on the uptick, there are many reasons to not let irrational exuberance overtake sound […]