In mho Boone is 100% correct in his current posture of the
oil price to $150!! People simply don't get it. 85mm supply,
87mmbls demand. Oil goes to highest bidder! ONLY A GLOBAL
RECESSION WILL CHANGE THOSE FACTS!! Until then, all of the
"I want it now" short term traders can hope for is a possible,
but very doubtful, quick $10 -$20 dollar trade on the short
side. Personally, I think you've already seen it, but who knows?? Opinions make the world go round, and each to his own
as I've just stated mine. Boone is also correct in stating that he can reduce oil imports 40% with his WIND/NATURAL GAS
STRATEGY. Getting America and the Wall St./Politicos to move
in the right direction and actions is the problem!!
While I'm at it, I do feel sorry for the US public having to
adjust to the high gasoline and inflation prices, I don't
enjoy it either (and I'm in the oil business, thank god, offsetting the direct affects on me personally), BUT, THIS HAS BEEN A LONG TIME IN COMING . (I guess i've been as spoiled as the public when it comes to having enjoyed dirt cheap fuel prices for years. I know the US economy certainly
enjoyed it!!! And I drive +-25,000 miles a year!(the oil business covers lots of territory! lol Also, I don't recall
anyone feeling sorry for my family having gone bust multiple
times (during oil BUSTS). Thank God we could "dust-off, pick up the pieces and start over". You have to love what you do!
One last thought........I'm very concerned for my family,children,grandchildren, and America and what may lie
ahead..I've got my ammo, gold, silver and am acquiring more.
Hoping the potential worst case scenario does not come about
and put my faith in the "silent majority middle american" solution developing and in God's plan which fortunately ' I
don't know the results, but my experience tells me will work
out OK.
no mo later
PS: "Anyone who wants to make a good living should get a job
in the Energy Industry (Service, drilling,etc") Work hard, play hard, and piece of mind. |
