ken wender

Black Gold or Yellow Gold?

We are in a terrible situation. Some of the folks that have oil and gas hate us (middle east) and some are just jealous (Mr. Putin and his buddies). A Congress that is just broken on energy policy, that refuses to let our companies drill. Oil prices in the short term can go hard in either direction but long term the price must move higher. I am long DBO, USO,DBC UNG and have been since 12/15/07. All markets have corrections, and there is VERY strong for oil at $120.