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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (282687)12/2/2008 11:52:26 AM
From: skinowski  Read Replies (2) of 793608
 
From Canada, to Russia, to Saudi Arabia, and Thailand, oil companies are slashing planned capital spending

That's what I figured - that a decline in oil prices would lead to decreased investment and production, which in turn would cause prices to go back higher. This logic in the end will probably prove to be correct, but... it's gone lower and may last longer than anyone, including myself, expected. In the long term it may be wise to have part of one's assets in energies rather than in fiat money.... but "long term" on occasion has been known to take quite a long time.... :)
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