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Petróleo Brasileiro S.A. - Petrobras Message Board

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  • skinz4q skinz4q Jul 1, 2008 2:04 PM Flag

    Petrobras Rated JPMorgan `Top Pick' Oil Co

    Great. But what happens when oil prices retreat? At some point it's inevitable that there will be a correction, possibly of sizable magnatude, and possibly only temporarily on the way to much higher prices over the very long term. I could easily make the price of heating oil crash by just filling the tank in my house; guaranteed the price will fall by at least 25% the next week. As long as I continue to hold out for a lower price it will continue to soar.

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