Richard, Do you understand the concept of peak oil?? Have you factored any of its merit into your calculations? The decline rate of the world's oil fields is about 4 MBD/year and this will have the excess supply cleared out and demand exceeding supply very strongly in the next few years. Yes - oil price will go down as the markets correct but due to the structural decline curves and hyperinflation (monetary response) - oil is going to go way up in the future. Please comment on this.
Stocks to Buy Before the Oil Bubble Bursts [View article]
You are wrong about the bubble in oil and you should try to get educated about Peak Oil before you loose your shirt. Oil is going to $300/barrel by 2011 and then $500/barrel by 2013. Supply is going down and demand is going up. This short term stuff is what is to be expedted in this amazing once in a lifetime event like Peak Oil. How will you ride the slide.
Mid-Year Market Analysis: Treasuries, Gold, Crude, Equities [View article]
Do you understand the concept of peak oil?? Have you factored any of its merit into your calculations? The decline rate of the world's oil fields is about 4 MBD/year and this will have the excess supply cleared out and demand exceeding supply very strongly in the next few years. Yes - oil price will go down as the markets correct but due to the structural decline curves and hyperinflation (monetary response) - oil is going to go way up in the future. Please comment on this.
Stocks to Buy Before the Oil Bubble Bursts [View article]