I did a check of the stocks making new highs in today's session. Not many, of course. The majority were fossil fuel issues.
Oxy Pete
Chevron
Exxon
Conoco Phillips, which I bought at the depths of the 09 market bottom, and haven't sold a single share since.
The one exception is Hostess (TWNK), maker of the Twinkies snack food.
Brent crude is around $90
Don't know about West Texas Intermediate.
As Danel Yergin, author of the The Prize, which I read 20 years ago, said in his conclusion, more or less, this remains the Age of Oil.
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