The phoney oil shortage game is over; world is awash in oil for sale while consumption drops and consumers change their habits to lower energy consumption and keep their money.
Or one hurricane forecast and you see this back over $100.The easy check is the price of deisel - it is still price as oil was $145. They can't old these price if the demand was there.
Yeh, give me one good hurricane. Iran has to be attacked before the Bushies leave office as well.
I paid a pheony 4.29 for gas?
All it will take is one Bush sabre rattling speech or Iran to get oil shipping disrupted and we will gain $20 real quick.
What would happen if they dumped the oil they have stored on the market all at once? What would happen if the short oil before they do it?Just food for thought. I'm long (BPT) and oil in general. Actualy I'm over weighted oil and will continue to do so. Also nat gas.I'll take the "div" and keep looking for other opertunities. (HYGS)(CPST)(MTR) a little solar (YGE) and several others. I also like (DAR) as a possible oil play.
i agree....might take a while to got 58 though....probably start milking a quarter a day for a long time.