liquideagle

These Three Deep Sea Drillers Look Like a Bargain

I think your thesis is a little backwards. Oil prices probably need to come down some for these mining companies to really flourish.

Otherwise too much demand destruction will occur resulting in weaker economies, lower demand, higher adoption of non-oil alternatives.

Plus, expect the Asian countries to consume less oil (near term, over the next couple of years) than they do now as those subsidies are phased out. Too much money is getting into the system which is causing runaway inflation over there.