Thus far investing in UHN is disappointing to date.
Will heating oil follow Coal into energy Hell?
Stay tuned.
Russia is stepping into guaranteeing 'protection' for off-shore oil and NG deposits mining and alternate energy transfer pipeline routes in Med waters to EU (including Greek stuff).
Saudis 'flip' and increase price of oil, and new exports of USA petro-type energies now allowed, will this chance USA heating oil price structure? Remember, S.A. burns its cash reserves funding domestic welfare programs to keep its people from revolting . . . fighting in Yemen and banking Egypt.
Petro prices are down very recently in my state . . . is this another rapid effect QE action to jump-start holiday season consumer spending?
How much real truth are we being told, about world oil supply stocks? It costs more to 'mine' the deeper energy deposits, so how much longer can majors and nationals keep price of oil down?
The whole global economy is dependent (for immediate future) on oil to products relationship.
Another aspect of oil: transportation nets and war machines totally dependent on oil and petro. Oil is still energy king.
And, everyone needs $50-60 oil to fund their economies.
Would USA, for example, suddenly increased energy taxes 10-30% to fund an infrastructure rebuild and budgetary deficit reduction? The UHN equation has many sides and inputs. Both houses of government are highly influenced by energy donations. A soon out-going president takes the shoulder of blame? After all, who Exec Ordered the Alaskan off-shore energy harvest rights?
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