Demand is still dropping (world wide) even with with the price dropping. What will happen if they start jacking the price up again? It was not that long ago we were paying $1 to $1.50 per gallon at the pump. As soon as Katrina hit, they started screwing us with the supply demand BS. Think about it... Yes, oil will go up over time, but current oil prices have killed this economy!!
I totally agree about now is the time for getting into housing. It will be coming back very strong soon. Just need to make sure you are in with the right stocks or funds.
Crude Sell-off: Solid Entry Point into U.S. Oil Majors [View article]
I've been shorting oil and making a fortune since early July. As you know, prices always drop faster than they go up and it went up to fast. There is way too much media, demand destruction, and BS surrounding the price rise. I suggest you get out now while you can....
Whither Oil Prices? [View article]
Oil, Housing and the Dollar [View article]
Crude Sell-off: Solid Entry Point into U.S. Oil Majors [View article]
The 'Peak Oil' Myth: New Oil Is Plentiful [View article]
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