yank

Interview with Matt Badiali: Time to Buy Oil Service Companies

Outstanding article. Matt has provided the most coherent, logical explanation for what lies in store for oil prices. Left unsaid in the interview was the brutal reality that over 80% of the world's "products" are petroleum based. You simply can't "unwind" that dependence in 3-5 years. We are talking decades at least before solar or other alternative enerby solutions provide meaningful replacement value. Of course there were excellent reasons why all of our products gravitated to a petroleum-base. Thank you for an excellent interview.

Oil Service Stocks Likely to Fall Near-Term

Daniel Yergin is considered a pro? The man is an idiot. He completley misjudged the explosion in oil prices last year so now he proclaims that oil prices must remain lower for the foresseable future? He is not a credible source for energy price forecasting. PERIOD. As for the author, his article is riddled with false hopes, dubious claims to permanent oil demand destruction, etc. "Job losses will continue to mount leading to lower oil demand?" Sorry to burst your bubble but unemployment is a "lagging indicator" and has never been used credibly to forecast oil demand. As for your comments on the USD please consult any "technical" stock pro who will patiently explain to you what a classic "double top" looks like in a stock chart. The USD is precisely that right now and will be heading below 80 very soon. Here is some advice for you. Wishing for lower oil prices is pretty much a waste of everyone's time.