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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (374599)3/20/2008 8:28:53 PM
From: tejek   of 1575721
 
How come oil is over $100 but oil stocks act like they are in a depression:

My guess. Oil stocks have already run up a lot, and the market doesn't see as much further growth in oil prices from here, partially because of a slowdown in economic growth.

I also think there is a lot of speculative money in crude [see the article Chris posted right before yours] that has caused crude to get ahead of itself.
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