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Valero Energy Corporation Message Board

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  • ginaspeakstruly ginaspeakstruly Sep 14, 2006 1:46 PM Flag

    TA boys

    I agree with your long-term outlook, but I think the short run (6 months to two years) could have some very deep corrections in oil and natural gas prices (gas fell to a two year low today). Unfortunately, the market doesn't always provide a price sufficient to make continued exploration and development economic -- thus the painful boom and bust cycles in the oil industry which have always been and always will be (although I expect the long-term trend to remain up for the remainder of the hydrocarbon age). Investing for the long haul versus trying to play the short-term swings -- that is the question . . .

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