Gold Barron

Oil Stocks: Where Can You Find Black Gold?

I personally believe oil will drop to between $25-$30 a barrel. That will certainly hurt the oil stocks. Too expensive to drill even at current oil prices.

The democrats will increase the gas tax and Obama will definately raise taxes and increase the fuel efficiency standards of the automakers. In addition to the fuel standards, alternative energy will keep oil low.

Obama will use the Strategic Petroleum Reserve to curb any major price increases in oil.