OilyGasMiner

Oil Breaks Below $60

I find it interesting that market forces and selling pressure has defeated OPEC’s efforts to cut supply to artificially boost prices. This is clear indication that we are heading deeper into a recession. The question is will continual supply reductions result in an upward movement of the price per barrel? Or will the market NOT react until the financial sector has been catered to by the new Obama regime? In either case NOW is a prime opportunity to take hold of undervalued oil equities, or perhaps the purchase of oil futures. I’ve been scoping the Canadian market for opportunities as I find that this will yield the greater return relative to the US. Their economy is more sound, and regardless of the notion that the contagion will tank their economy, we are finding that the opposite is true. They are many prospects trading below cash value that will result in a handsome reward for those who are patient and willing to wait. For Cdn I personally use the Canadian portal at www.stockresearchporta... that some of you might find helpful. Don’t get me wrong, I’m not saying to buy today, tomorrow, or next week. The key issue is that no one can foresee the bottom. No technical analyst or equity analyst for that matter. We are living in unprecedented times, and let’s face it, the majority of our market analysts ARE YOUNG. What does that mean? It means they have no experience of situations of this magnitude. We ought to get back to our history books and review the past trends during the depression and get ourselves properly educated to brace the stormy markets ahead. We must be patient, and we must be knowledgeable. Be prepared.

Whither Canada's Tar Sands?

Let's not forget alternative energy.

Wrong board? NO.

Alternative, believe it or not is quite dependent on oil. How?

FUNDING. Alas. the Light. The majority of tax breaks and grants given to A-Energy companies are from the carbon taxes enforced on large oil producers.. eg. Exxon.

If oil companies are producing less... guess what? profits will be less... and... you GOT IT! the gov revenue from carbon taxes will be less, resulting in less funds and breaks given to alternative energy players.

Ironic isn't it?