Phillipp10

Global Financial Crisis Makes Oil a Great Hedge

Scammy: I agree with you. Oil is down for the forseeable future. But like you said, maybe in 3-4 years. To me, that's short term. I plan to watch oil carefully over the next 5 years. At some point, I'll buy in. In twenty years, I expect to at 5x my money. Not a get rich quick scheme but good a return anyway.

Global Financial Crisis Makes Oil a Great Hedge

Schwarz is just another short term thinker. Peak oil is real and the demand will return just as soon as the economy rebounds. China's 1.2 billion and India's 1 billion people want to live just like we do in the US. No way oil will stay below 100 a barrel.