After an 80% gain, many investors would be looking for an opportunity to short the asset. When it comes to oil, this is not that time. In fact, this isn’t a rally you want to short … it’s one you want to buy.
Don’t believe the media, oil consumption is not declining — it’s rising. But oil exploration budgets have been cut, and a supply shortfall is looming on the horizon.
Oil prices have soared 50% in the past two months. There are sure to be downdrafts before a recovery, but Exxon Mobil is already hunting for acquisitions … and you should take notice.
Oil prices are low for now, but demand is rising in China, India and the U.S., and refiners are already in “max gasoline mode.” One thing’s certain, out of sync oil means profit … if you’re prepared.
Saudi Arabia is living like there’s no tomorrow, but they’re headed for trouble. Oil prices are plummeting, and according to experts, they may have further to fall…
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