beenburnedtwice

Your Oil Stocks Aren't Coming Back

Oil needs to get over $45/bbl quickly and consistently for the large integrated companies to stave off taboo layoffs and declining dividends. Oil must be in the $50 to $75/bbl range for world stability. If the new administration realized that they would throw the stimulus that direction instead of at the failing financials.

That could also spur much-needed competition from alternative energy sources, primary among them being nuclear. Nuclear energy and its proper handling and disposal of wastes is highly technical and would educate the American people, if they would listen. But other energy sources are also valid and necessary too. It will also relax world tension.

Oil should be in everyone's long position because its here to stay for a hundred years or more. It's like saying that air is in short supply but we should short it anyway, because everyone is exhaling less lately. Its time to breathe normally.