lakeside

As Global Demand Rises, Oil Production Remains Flat

Every time Congress gets involved, it's another debacle (think ethanol; think no drilling for 30 years -- Congress can override President's action; think no nuclear for 30 years. And increased regulation of investing: the investors ("speculators", whoever they are) will move to London and Dubai. If you want to see your portfolio take a huge fall -- greater than what it already has -- make your manager sell all oil-related holdings per Congressional mandate. If you think the free-fall in your portfolio has been bad so far, wait until your fund has to sell its oil-related holdings. Oh, did I already say that?