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  • Is It Time to Bet Against Oil? [View article]
    the oil price these days is all about perception. oil as such has no intrinsic value that you could refer to. it doesn't earn anything. all there is it goes up and down in price.
    lots of people were piling in under the impression that $200/bl is a surefire thing over the next 1-2 years. but mybe the peak-oil hype has hit a brick wall for the time being.
    short oil - long high quality oil stocks like COP, TOT or OMV(Austria) or long selected u.s. energy trusts should work out just fine over the next 2 years as those companies will make tons of money - wjhether oil stays flat, rises a bit further or even declines to 100-110
    Jul 09 05:13 am |Rating: 0 0
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