In Light of Peak Oil, Financial Diversification Is a Bad Idea [View article]
Brian Pursley,
You're right that the supply is low due mainly to political factors. You're also right that the world has plenty of oil. I agree with both of those premises of yours and I'm still bullish on oil, at least for the next 5-7 years. Why? Because it will probably take at least that long for supply increases to catch up with demand. A lot of these projects take years to get the oil flowing, and everyone won't be trading their car for a hybrid overnight.
Chesapeake Energy Appears Very Well Positioned [View article]
I asked this in another thread about Chesapeake, but have any of you looked at this (mainly) natural gas royalty trust, TIRTZ.OB? About 85% of its revenue comes from nat gas, with the rest from oil. Very thinly-traded, since it has such a low market cap and trades OTC, but the yield is currently over 10%.
Soup Target; Cramer's Mad Money (7/22/08) [View article]
In Light of Peak Oil, Financial Diversification Is a Bad Idea [View article]
You're right that the supply is low due mainly to political factors. You're also right that the world has plenty of oil. I agree with both of those premises of yours and I'm still bullish on oil, at least for the next 5-7 years. Why? Because it will probably take at least that long for supply increases to catch up with demand. A lot of these projects take years to get the oil flowing, and everyone won't be trading their car for a hybrid overnight.
Chesapeake Energy Appears Very Well Positioned [View article]
Is the Commodity Bull Market Over? [View article]