Replies to post #1357 on OMDA Oil and Gas, Inc. (OOAG)

[stockhound101]

You want to talk about waking a sleeping giant with high oil prices it is happening right now. The Scientific and Engineering Labs of America are going into overdrive to come up with alternative energy sources. It should have been done a long time ago, but at least it's finally being done now. Some OPEC members may be able to raise the price of oil to $100 a barrel for the short term, but they won't be able to keep it there and when it comes down and they want to start selling oil to us again they won't be getting much for it. We can convert coal to oil at a price of $70 a barrel right now and that figure is getting lower with the advancement in technologies and the cost of converting coal to oil will get even lower just by it's implementation. Then there is ethanol
from corn, conversion of cooking oil to gas and many other technologies that are on the fast track to being a part of everyday life and will stabalize the oil prices and probably bring them down considerably next year, but for the near future the sky is the limit and this is the sector to be invested in now.