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Montanore

05/07/08 9:31 PM

#13720 RE: a_charting_god #13717

Yep, I hear ya and agree wholeheartedly. It is disturbing that they take advantage while using that same old tired, disingenuous refrain they call 'helping newbies.'

TNOG is definitely in the right sector. Speculative? To be sure, but that's what pinks are known for. Speculation could hit a fever pitch when oil goes to $150. Just look at what the Bakken oil field stocks have been doing, for example. I feel sorry for the people with the big SUVs. Maybe they should fill their tanks with a little domestic TNOG to help them get even:

NEW YORK (AP) - Oil futures blasted to a new record near $123 a barrel Tuesday, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at supply shortages. Retail gas prices edged lower, but appear poised to rise to new records of their own in coming weeks.

A new Goldman Sachs prediction that oil prices could rise to $150 to $200 within two years seemed to motivate much of Tuesday's buying, although a falling dollar and increasing concerns about declining crude production in Mexico and Russia contributed, analysts say.