Michael Fitzsimmons

Why I'm Not Buying Oil's Recent 'Correction'

i hope the author and his readers do sell all their energy holdings so i can continue to pick them out at discount prices. worldwide oil supply is not going to keep up with worldwide oil demand. this can only mean one this wrt price of oil and for the currency of the country that has to import 70% of its oil. oil will keep going up, and the US dollar will keep going down. inflation will keep rising. all that said, how can one not own energy stocks? where else is there to invest? meanwhile, billions of chinese are trading in their bicycles for autos, and Tata Motors of India is producing the "Nano" car for $2500 for its millions of citizens who want to drive. meanwhile, the US has no energy policy. so, you guys go ahead and get scared out of this oil "correction" (it's still over $120 a barrel isn't it? not to long ago, this would have appeared to be outrageously high. now it's a steal?) and i'll stay the course based on the fundamentals of supply, demand, and the lack of a comprehensive long-term energy policy by the country that needs it most (US):

thefitzman.blogspot.co...