starkoski

Do Oil and the Market Still Have a Lot of Downside?

Ernie, thats very funny - i like that! Jim, yes the world will use a little less oil & gas but you did not mention much that the world oil production decline rate for oil is 4MBD and this will trump any less world oil consumption. Also consider that energy will get an additional boost due to the intensive debasement of our currency & the currencies of the world due to their epic struggle against falling into deflation. Energy shares will get a great boost as a safe haven in a competative currency devaulation throughout the world. And finally - the world is starting to see the ugly head of the medusa, the bringer of evil the devil herself in the realization of Peak Oil. Keep your head turned away and look at the energy stocks for protection.