Quote:
Originally Posted by kk2002s
Folks I resurrect this thread because Me thinks the tide has turned
Several day ago $1.71 for regular, today $1.81
The news is starting their sky is falling reporting about rising oil prices
I can just see the new reports now "3 months ago gas was $1.80/gal now, just in time for summer, it's at an all time high $4.50/gal"
Prepare for the Bend over
|
How much did the oil guys pay the news people?
We had near all-time high prices when demand wasn't keeping up (peak oil panic pricing). Now we have low prices with low demand ("real time" pricing). I think this all mainly depends on foreign sentiment. If China, Brazil and Russia's economies slow down in 2015 the prices won't have anything that to justify an uptick. We've had some of our best quarters since the 2008 crash during this slump in oil prices without any movement but down. Clearly US demand is not as big a mover in shaping the expectation of demand as it once was.
p.s.
for an investor, the
OIH has seen a 5% lift in Feb. Not bad way to start the quarter if you got in already. The S&P is nearly 50% invested in just three sectors: IT, Energy and Healthcare. Energy certainly seems like the value component in that trifecta at this point in 2015.