mysaug

Oil Industry: Farewell, Good Old Days

Andrew, you forgot the most important counterbalance which is that many productive fields are quickly playing out as in Mexico, Alaska even Saudi Ariabia from what many experts are stating and are not easily being replaced; the new finds are mostly very expensive to get at.

NG is interesting , one bitter winter and the price goes back up. Canada is using most of its NG for tar sands and gulf is starting to play out.

Why I'm Not Buying Oil's Recent 'Correction'

The old truism that once everyone believes it is true and ends up on TIME magazine cover is time to get out is correct. I am kicking myself for not unloading all bank stocks like I did builders when "Flip this House" became a TV series. I did not know the extent of these complex CDO and SIVs, thought all sold to 3rd parties . Anyway, oil was too low before , a little too high now, so think will end up around $100 which is good for everyone.