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EOG Resources: Continue to Buy on Pullbacks

Here's what I think: the government should open up the Strategic Petroleum Reserve and use it for "open market operations" to help regulate petroleum supply, like how the Fed conducts open market operations to control the money supply. It is believed by a rising number of people that the price of oil is starting to peak--for how long, we are not sure--so an open market sale from the SPR would yield a hefty revenue for the government and create a dip in the market price of oil by introducing new supply. When prices go down, the government can then refill the SPR.

Yes, it is government interference which I am no fan of, but it is government interference in a market full of government interference--cartels, state owned companies like Saudi Aramco or CITGO, and Chinese subsidies. We should play ball too.