scotty1560

Deepwater Drillers: Not in a Very Deep Hole

posted by "long on oil" and I agree
It always puzzles me as to why we investors always want to buy stocks when they are close to their all time highs but we will not touch them when they are a gift.

I'm not smart enough to be a trader. One thing I can vouch for during my time
on this planet is "pure" raw materials are disappearing without "cheap" replacements- just ask the "snapper" in the gulf or the "primate" in Africa.
Pure air, Pure soil, pure water, cheap oil, bountiful oceans all vanishing- compliments of the humans species and the "machine age" over say 100+ "short" years. Take some photos of the glaciers for the grand kids. Those fertilizers do make my lawn look good though.

Not long ago water was cheap while today my rates keep doubling along with
restrictions. And oh yea, my area is quietly talking of "recycled waste
water"...doesn't that sound healthy. Atlanta, Phoenix, California, Florida-
ready for water rationing down the road?

Back to oil, same thing..yes, you have years of supply but not the easy "cheap" supply. So I say let's buy a share or two and stick it under the mattress. Thinking in a couple of years does it matter if I paid 23$ or $29 for
a simple play like USO? Again, I'm not a trader but neither is Warren Buffet
if I recall. Now is the time to take a deep breath and make your long term
bets. I doubt it will take "decades" to be rewarded, although 3-5 years might
be prudent, and maybe 10 years pays for Jimmy or Suzie's new video game.

I might be wrong but oil has to many factors in play to spend a great deal of
time below $35-40. Count on our Russian or Middle East "cartel" to "shake the
bushes" or "beat the war drum" if needed. Don't forget our ally the "Weather
Channel" providing minute by minute details of that next Category 4 storm
headed into the gulf of Mexico. And don't forget the convenience of an extra
vacation or boat ride with these cheap oil prices...only Mr Market knows.