The GS $85/bbl oil price call of last week was the signal that this rally is done. Oil will be back in the low to mid $50 range in a month. Go ahead and buy that SUV!
Marc Faber, Jim Rogers and Boone Pickens - Bullish on Oil [View article]
"Oil Reserves are dropping 7% a year and these drop in reserves will cause serious supply problems in the near future."
Was that 7% statistic compiled before the bottom fell out of demand? Anyway it is realy nice of Rogers, Faber and Pickens to be constantly talking their book in the media for the benefit of us 'little' investors.
Best Investments for Rising Oil [View article]
Marc Faber, Jim Rogers and Boone Pickens - Bullish on Oil [View article]
Was that 7% statistic compiled before the bottom fell out of demand? Anyway it is realy nice of Rogers, Faber and Pickens to be constantly talking their book in the media for the benefit of us 'little' investors.