sumisu, China has built a huge strategic oil reserve, but have been secretive about their plans for filling it. As they do, I think it will provide some bottom resistance to oil prices in the future. I'm sure they'll want to catch the lows as they purchase that oil. I wonder if India will do the same (or do they now?)???? My guess is future oil prices will stay over $50 a barrel and not have too much of a negative effect on the world economies. Some portfolio percentage in oil & gas stocks is a must from now on, IMO, and play the swings too. Coal stocks are probably a good idea too, although I haven't done much research in that area.
I hope we get some news from Tandem soon regarding their plans for listing.
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
