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Northern Oil May Be Headed South - Barron's

The truth is that no one knows where oil is headed. There are too many variables that affect the price, to name a few - unpredictable supply,demand, speculation, geo-political issues,terrorists,OPEC and don't forget emotion and rumor and a lot of so called expert's with conflicting opinions are at the very top of the list. Long-term oil will go up is a fair guess because everything goes up long term but short-term it could go anywhere - up, down or sideways. If you guess wrong or you guess right it was all just a good or bad luck guess - no one and I repeat NO ONE has a clue where oil is going - and any person's guess is just as good as the next person's guess. Charts are worthless when one shut down refinery,one hurricane , one rebel attack on a pipeline or one estimate of future supply or demand by an "expert" can change oil prices overnight. There is way too much emotion in the stock market and too many people investing short term trying to make a quick buck for anyone to have any reliable insight as to future performance of any stock or sector and energy is the least predictable at the moment. Give it up chill out and stop impulse investing on the latest "sounds right" theory.