I have always stated (even at $110) that oil should be in $80s or lower. Oil inventories are up, gas inventories up, gas consumption at 2 year lows this Summer etc. Plenty of oil and frankly oil at these levels and below will do more for economy than many policies. Anyway, that's my thought on oil and hasn't changed in some time.
Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1
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