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Re: wshaw14 post# 1831

Friday, 01/02/2015 8:56:20 AM

Friday, January 02, 2015 8:56:20 AM

Post# of 2589
Quite nice, but until the principle problem of supply and demand shifts, we will only go down, settle at a level consistent with significantly increasing demand and stabilize. This article gives a reason for Saudi to cut production, but that doesn't guarantee it. We have to face it, the world has become more fuel efficient. Like the outrageous prices for tech stocks in '99, doubtful oil will be that overpriced for a loooong time. I don't drive much, and have quite a bit of money invested in oil companies, so I hope I am wrong. I don't think there is much sympathy for the profits of oil companies and I would imagine while impossible, most people wouldn't care if we could do without it entirely.