Jeffrey Lin_

Transocean's New Contract an Antidote to Oil's Volatility

Paulk8756, why would you think the explorers are "speculating" on the long side of oil? The rest of the business world actually DON'T think like traders and hedge funds where everything is a diceroll at the craps table. Accumulating more resources, which includes drilling for oil as well as building infrastructure for people to use, is as much a speculation as it is to say the billions and billions of people who will be using these resources won't exist. Unless the human race become infertile, this is the greatest development boom this earth has ever seen...and you can sit there and just complain how it will all be over, and it will be, but by that time the world will be changed dramatically, and ridiculous wealth created along the way.

Everyday the news keeps wanting to tell people this global development story is over, and you should stay away and let other people make the money off of it, not you. I just remember this family story. My great grandfather, in the 20's, bought and sold (i.e. traded) rice in Taiwan...then some empty thirdworld island. He retired before he was 40 yrs old, owning literally MOUNTAINS our family still has today. That was just a tiny island, albeit it successful now as the leading chip manufacturer in the world. But still, I want to own MOUNTAINS...and the way to getting it is riding this wave...