Sir Isaac Newton Posted February 16, 2008 Report Share Posted February 16, 2008 Crude oil’s fundamentals are extraordinarily bullish. Global demand for oil is growing relentlessly, and most consumers have little choice but to pay virtually any price for this critical fuel. Meanwhile global production growth is slowing as old oilfields deplete and major new finds become exceedingly rare. This structural deficit has driven oil prices to record highs, leading to fortunes earned by the companies that produce this scarce and valuable commodity. Investors and speculators have naturally migrated into oil stocks to ride this secular trend. But lately owning the oil stocks has been an exercise in frustration. http://www.zealllc.com/2008/xoioilspx.htm Link to comment Share on other sites More sharing options...
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