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.
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