myWealth.com

Why Oil Will Head Higher

Oil is below the cost of production right now. OPEC is restricting supply and the eventual turn around of the global economy will put pressure on the supply due to increased demand.

This is why guys like Jim Rogers are buying up oil once again. I've personally also bought up the oil tracking ETF too (USO)...all cash, no margin...that way I don't have to "time" the exact turn around but will benefit richly when breaks out into a new uptrend.

The best time to buy is when there are the most pessimists out there. Right now, we're seeing huge amounts of that....

Thanks for your comments and for taking the time to read my articles. I appreciate it.