The Last Two Oil Crashes Show Peak Oil Is Real - The United States Oil ETF, LP (NYSEARCA:USO) | Seeking Alpha
This is a very interesting article about oil price crashes due to supply or demand issues. The author contends that the floor for the price of WTI oil is around $50 per barrel. From that point, oil prices will gradually get higher until the next supply or demand crisis occurs. Therefore, a person needs to load up on good oil stocks whenever the price of oil drops to $50 or lower because the price won't remain there long. Stocks like REXX and MDR have already validated this strategy because their stock prices are significantly above the bottom point of their recent decline.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment