InvestorsHub Logo
Followers 18
Posts 1829
Boards Moderated 0
Alias Born 01/11/2004

Re: redflame post# 15192

Friday, 06/01/2012 12:45:36 PM

Friday, June 01, 2012 12:45:36 PM

Post# of 26631
Redflame

I agree with you on peak oil being a myth. or at least not the way you need to look at investing in oil companies. It's best to think of it as at what price will oil have to be to meet oil demand. Even there you can be wrong for long periods of time since the price of oil is driven so much by sentiment rather than supply / demand. Technology has provided a lot of opportunity for producing oil at a decent price. It's going to allow the US to reduce it's oil export / import imbalance quite a bit. Nat gas is another ace in the hole just waiting to be played.

POG going to make a lot of Gold share holders a lot of money. Let's hope we participate by holding PTQ when the smoke clears.

JFF7

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.