Major new discovery of easy oil--End of the terrorism premium--Kicking the speculators out of the trading pits---a stronger dollar--and the most important--reduced demand.What possibly could make oil go down? Seems like a sure investment to me.
I agree with the man. However Im not putting money on it. Are you Ha? Funny I totally agree with what hes saying 125 to 150 oil. Yet i wont put any money on it. Guess im frozen with fear.
Notmuch-I've had money on this since $20. The equities for the most part have not performed nearly as well as crude, but I believe eventually it will sink in that this is for real, and producers and service outfits will tend to catch up. I have held only the equities, not futures.
Like Pickens says, for few years running world crude production has been stuck at 85 mbpd. But demand grows, not in the developed world, but elsewhere.
I also liked what he said about natural gas as a feedstock to make synthetic diesel, and windmills to replace the gas withdrawn from electricity generation.
Ha
I should probably add that there likely are no sure investments. Oil at $20 was close though, as was Suncor at $18 where I bought. (I registered this years ago with Greg, Martha's husband. Greg also held/holds Suncor.)What possibly could make oil go down? Seems like a sure investment to me.