chris_b

Barron's Banks on $100 Oil

The Saudi boost has already been shown by many to be a drop in the bucket. China keeps demanding more anyway. Also, this author thinks that oil just pops out of the sea. It's years before drilling off of Florida would have a result. And has he missed the problems in Nigeria lately? The unrest with the 'Iran attack' practice? I think this author is short oil stocks, and is trying to drive them lower. These claims are poorly presented, and poorly researched. Shame on seekingalpha for printing it.