toobad41

Retail Sales, Jobless Claims Quite Misleading; Commodities the One Bright Spot

Excellent sentiments, Dr. Leeb. I have been think about third world countries as they are attempting to catch up to our standard of living. The primary driver for obtaining a better standard of living is energy. And that energy is oil. Natural gas to a lesser extent. Electricity is another but less so than petroleum products. Nuclear is another but has its draw backs. So I see petroleum products still at the top of the pecking order of all forms of energy. It still is the cheapest available (presently) and should be around for a long, long time. The problem I see is that world demand will be going up and up. Even as the U.S.A. begins to move towards alternatives to petroleum the rest of the billions of people in the world could care less what we do. As a world-wide commodity, oil has no peer. Some day it may be worth fighting for (like the last couple of battles we have started but may never finish). What better way can you offset the rising cost of petroleum products than to put money into the companies, energy sector ETF's, or oil commodities and reap the rewards. I get $8000 dividend each year from BP and it more than offsets my gasoline bill each year.

Friday Outlook: Commodities, Global Markets

I am not sure but I think you might have missed a chart or two.