VSD

Why I'm Not Buying Oil's Recent 'Correction'

China inventories are opaque to the world. Olympics related lowering of oil consumption will last until August. We will be seeing $150 oil before end of the year.

Petrobras: Set to Become a Global Oil Major - Barron's

Petrobras is a govt. owned company under control of a left leaning govt. It is not Saudi Aramco. But that is besides the point.

Oil find by Petrobras will cost $40-50 to extract. The bigger reserves are under salt layers which noone knows how to drill. Wait for the environmental groups to study this and they will be all over this.