Originally Posted by
duncan macgregor
DIGGER, You are looking at the wrong things then trying to come up with a logical answer. First of all the price of oil is a manipulated price commodoty not ruled by supply and demand. Right now supply exceeds demand with the powers that be manipulating the price.
The second thing to take note of is certain parts of the world are off limits to oil exploration, example being artic and antartic areas of great potential.
The thing to remember is that the future oil price will be manipulated to a greater extent up to the point of an alternative coming on track. Follow your oil stocks up in a rising market, but be prepared to get out quick when the market turns.
That is a logical position to get into in a manipulated market. The rich get richer as the poor dumb clucks bleat on about this company or that. Peak oil is in the distant future. The Chinese at this moment have about 2 million electric scooters on the road increasing at a very fast rate. If peak oil is a worry buy uranium stocks. Macdunk