Charles Petredis

Can Oil Go Even Higher?

Oil can go as high as as the dollar far, and thats before fundamentals even kick in, so the answer to your question is as high as the Federal Reserve lets it.

Bullish Crude Oil ETFs Showing Strength

The USO is completely broken, lagging the actual price of crude oil by over 40% since inception. Recommending this type of investment or believing that they work is nothing short of criminal.

Financial Crisis Could Cause Delayed Oil Price Spike

In your title change the word "could" to "is"

Gas/Oil Ratio: Flashing an Extreme

Just so you know, the historical ratio from 1980 to now is about 8.5:1 which accounts for the fact that the two commodities are not perfect substitutes. I agree that natural gas is definitely undervalued, but the short term fundamentals for natural gas are worse than that of crude oil because the U.S. is receiving a ton of LNG shipments. Over time this will move back to normal and both commodities will appreciate heavily.

Why Is Oil Creeping Back Up?

As had been said many times, writing this without mentioning the relationship between commodities and the dollar is almost ludicrous.

Can Oil Go Even Higher?

Crude can continue to rise as long as the government is purposely hammering the dollar. Each and every bailout that puts more potential public dollars on the line is a chance for oil to rally much higher.

If you think oil is going down from here (which it sounds like you do from your article) I would look into XOM as they will more than likely fall the least in a down energy market.