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Roger Wiegand: Look for Major Selling Event in the Fall, and Oil to Rise

I almost quit reading after seeing the flying wedgies and other market predictions.... Then came the oil and gas specifics....and I knew this was a worthless post.

Surprising Upturn for the Energy Sector

Many are thinking oil and natgas are due a pullback, and I sure can't say they are wrong.
However, if there is a pullback, I believe it will be shallow and short lived.
The massive flood of Obamamoney has started flowing into the system. Serious inflation projections are about to be tested.
Historically, there has never been such an injection of capital of this magnitude. In the same vein, we will have never experienced the inflationary pressure that comes with such.

In addition, I still believe that some people view "the market" in what I call short term tunnel vision. They are measuring the oil and gas market with short sighted "current market conditions".
The market actually is looking ahead, and the pending economic recovery is outweighing ALL of the standard measures of supply and demand.
This is due to the fact that demand will overwhelm the currently suppressed supply in very short order with any recovery.
Yes, supply can be added, but it always comes after prices have escalated.

To me, it would be too risky to be shorting any commodity, (especially oil and natgas) or most any energy stock.

NYT: The Great American Drilling Boom Is Over

How many times have we heard this type sentiment in the past. (Great drilling boom is over).
I remember when publications were espousing how the world was "awash in oil". Months later there were shortages driving the price to new highs.

Perhaps this article, in and of itself, is telling.