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Tuesday, 11/27/2007 8:39:34 PM

Tuesday, November 27, 2007 8:39:34 PM

Post# of 107353
I for one would like to see oil prices retreat a good deal. IMO, there is plenty of room for that. As long as oil stays above $50-$60, exploration will continue, and I don't think oil will even approach those prices again. High oil prices are great for us, but in the long run are a bad thing and will increase odds for a recession--which will hurt everyone, even though we have a great hedge here. I don't want it just as a hedge.
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