Zeek the Dog

$125 Oil Not Sustainable for the Time Being

I've seen and heard this movie before.............. when oil was at $40. Remember? Oh it will never last! It's a bubble! The era of finding and recovering cheap oil is coming to an end my friends. To those who believe using oil is killing the Earth........well the high prices should fix that. Please don't even think about complaining. And to those who think oil should drop in price, simply because its never been so high, where will your demand destruction be if the price comes down? Tell 2.5 billion people that the US would like cheaper oil price, therefore they need to cut back a little. I don't think that's gonna fly. If the Europeans can fork over $8.00 per gallon and survive, so can every one else. And to those who place the blame on speculators........ple... remember we are investors. We believe there is value here, there is room for investments in energy to grow, there is something actually produced at the end of the day, a mile driven, a piece of steal made, a light bulb shining. That's the difference between investing in energy vs the dotcoms. What have the dotcoms ever really produced?
Zeeko