but, it causes my portfolio to look green. Imagine that. Dirty oil looking green. Any whacko environmentalnazis own oil stock? Fess up. A Prius? Own a Prius and an empty wine glass? So, you bought a Prius, how about that. All electric vehicles use oil. Oil is slippery. Did I mention it is also dirty? Bicycles also use oil. Better oil that chain buddy, or it will rust. OH, pack those wheel bearings. Are the tires on a Tesla made from oil? Did I mention how dirty oil is? Well, if I did not, it is dirty. Hey, got to get that electricity from some where? Coal plant? Weight saving plastic is all over the car, the wires have to be insulated with plastic as well. Where does plastic come from? Dirty oil. Environmental whackos on a dirty oil board. How about that. Did I mention just how dirty oil is? Well, it is dirty.
You may get greener. Both Libya and Venezuela are having internal political problems that will effect their ability to produce. 2014 non-OPEC incremental output estimate 1.7 million barrels per day. Est of increased usage 0.4 million barrels per day. Normally that would cause prices to fall. But the political unrest should make prices firm or increase. You know with these prices that the Russians or Arabs will not step in to make up the difference. There was an article in WSJ today regarding this situation.