Those things worry me. I'm reluctant to bet against oil prices long term.
Probably good for a short term play like you said, but I never seem to time these things right.
I'm currently playing oil from the services side, with ESPH Ecosphere Technologies (1.01), a water purification company that works with oil and gas drillers.
Looking into ALY Allis-Chalmers Energy Inc. (3.88) for long term diversified services play.
I'm getting too old to play ERY, my heart probably couldn't take it LoL!
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