JBP

Time To Gradually Reaccumulate Energy Stocks - And Gold

Mangolfer,

I doubt seriously we see below $100 again. Goldman said this morning $150 by year end. More countries are now importing than exporting. Russia, Venezuela, Iran, and Saudi Arabia are all benefiting from us because our government is run by morons. Having it comedown actually just puts off going to alternative and other sources of energy. This wealth transfer is ongoing. We import the majority of our oil from countries who hate us. Anyway, it is what it is. Think long term and you'll make some money. Anything can happen day to day.

If you invest in oil and it goes down you get cheaper gas. If oil goes up, you make money in your portfolio to offset higher prices at the pump...