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Politics : Politics of Energy
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To: Road Walker who wrote (11310)7/15/2009 9:56:01 AM
From: RetiredNow  Read Replies (1) of 86356
 
I know. The recession, lower resulting oil prices, and the credit crunch hit oil drillers hard. That's going to put a serious floor under the price of oil as the economy recovers. I wouldn't doubt that within 2-3 years, we see oil at double the prices we see today, as shortages hit. In the short term, though, there's a lot of oil supply sloshing around. So it's hard to time an entry into an oil fund or stocks right now. Anyway, anything that supports the longer term prices of oil is good for the alternative energy car market.
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