Oil closed at $64 / barrel. Does anyone think we will not test last year's high again this summer? The middleast is a powder keg and whatever the resolution to the current standoff between Iran and Britan, there will always be another crises unfolding. Not an optimistic view, but a realistic one.
The stars are aligning for us, ever higher oil prices, a recognition of the fact by wallstreet --- they are not buying the oil industry line about $30 / barrel in the near future ---, geopolitics that are largely all about oil that will continue to support the price of oil, and little BD about to become a profitable oil producer in what will soon prove to be the best ever historic market for the world's basic energy commodity. This could be the real thing. Hold tight. It will be a lot more fun going up than down.
Keep the bashers off the board!!!
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