scotty1560

60 Minutes on Oil: Did Anyone Verify Anything?

one other little note...growing up in the 70's gas was maybe 30 cents a gallon...
it was $4.50 a few months ago....

can it stay down a year or two...yes...will it be significantly higher as I age..
I say yes....just like food, water, and taxes....and eventually raw land..

of course part of that is a weakening dollar...but resources get scarcer by the decade....speculation or no speculation...

60 Minutes on Oil: Did Anyone Verify Anything?

don't forget two things people...
the dollar is strong and this is off season for the oil market...

the summer should give a better feel for demand...
as far as the dollar it sure acts like it will stay strong for most or all of this year..geopolitical could change things...otherwise $30-$50 might be it for this year.

guessing we see a bottom in the next 4-6 weeks...$27-$29 is the number I
grabbed from a hat....will buy more USO if it gets there.

Oil Stocks: Where Can You Find Black Gold?

I'm no expert here but from what I have read is some of the big fields are
in or are headed to decline.

Cantrell, Saudi, North Sea? So like some of the posters already said these new
discoveries will not come cheap. When the Saudi fields reach peak we are
headed much higher.

But as Michael66 has said, everything helps....we will need to re-invent the
whole energy use concept over the course of 15-20 years...the world will
be a different place without cheap energy and resources in general.