Agree in general with your posts, however, no one can say where the oil price will be in 3, 6 or 12 months from now.
So can't agree with you on the point where you say "oil can't go back to xxx" eg $100.00. By the same token no one can say it won't go sub $30.00 either.
I listen, with some intent, to the business channels and can't believe the contradictions that occur every day in the media.
How long is a piece of string???
And that's the point no one really knows and no one can predict the future and at the very best they can guess what might happen. Eventually someone will be right.
Not meant to be a criticism but an expression of frustration with the so call experts who are myopic at the best of times and bi-polar at the nadir.
Cheers
BW
_________________________________ And then is heard no more. It is a tale Told by an idiot, full of sound and fury Signifying nothing.
DLS Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held
