Thursday, July 06, 2017 8:55:32 AM
The rig count drops a couple? No big deal to us committed oil-longs, right? But see this to be the case for several consecutive weeks and media outlets invariably insist oil is the soon-to-be-forgotten fuel now giving way to the next brilliant idea from a journalist of all things! This is incredibly blind nonsense for I know well that we've got a number of truly insightful thinkers right here on this board---folks who will not be swayed by the flash of a newspaper's comment of the moment.
Each of us will believe according to personal dictates which is as it should be in a free thinking society. But we've heard this debated for decades now---oil is on the way out, natural gas is the only sound choice, coal is now dust, uranium is the new "it!" factor. And lately it's wind and solar. Talk about hot air! lol
The world's factories and homes will not efficiently dismiss fuels of history overnight. We need them, and mortal means alone will not upset the admitted dependency in the next few years.
If HDYN hits the ball out of the park, I'm sure most here will be more than willing to relieve you of your shares at even double your cost basis.
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