Hemi Energy Group Inc. (fka HMGP)

[PinkElephant]

IMO the reason high price oil is here to stay is obvious. Oil is an international commodity and the USD is in the toilet. Prices on domestic items and things may be slow to change, but you can't do that with oil.

It is the same for the major markets, the only reason they appear to be up over the past couple years is the dollar has been tanking. We probably have less real value in the market than we did before. This isn't going to change any time soon. We are heading "into" another recession which in reality is just the same one we we've been in for years that we didn't really escape from. Add to that the potential collapse of the US Banking system due to the sub-prime mortgage fiasco and you are looking at a decade for the dollar to fully recover. I don't think it ever will.

I'm just glad I am heavily invested in something like oil right now. Go HMGP!