T&T: $100 + a barrel!
Gregory Han
hangreg at gmail.com
Thu Jan 3 18:40:13 EST 2008
Of course one possibility is to invest in oil and oil drilling
securities if you have the wherewithal.
The gains in those have more than kept pace with oil prices.
One analysis I saw says that the theoretical price of oil according to
some model and the cost of other energy sources SHOULD be $41/barrel
+- $10.The fact that it is much higher may not hold up in the long
term. A lot of these high prices are due to speculation and MAY not
hold up for the longer term. Another wag stated that it was more
likely that oil will hit $85 rather than $110 .
Take this however you will but the longer term outlook may be for more
moderation rather than a projection of continued increases. In the
short term anything is possible. I am filling up the tanks now while
the price is still closer to $3 than $4. I can last through mid summer
with that in the tank. That is my own personal hedge fund.
--
Greg and Susan Han
Allegria -- Krogen Whaleback #16
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