Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 53.91

+8.6%

Jan 9 4:00 PM EST

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To: dvdw© who wrote (65631)	8/11/2011 3:46:40 PM
From: AreWeThereYet	Read Replies (1) of 207748

Interesting, you maybe right but I have a different view on fundamental. Do you expect US oil reserve will dramatically increase from 2% of world reserve to double digits in the near future? Even if it does, China has 4x pop than the States but consumption is only half. It has lots of room to increase. I am not even taking India into the equation here but you see my point. Do you think the oil supply will able to keep up? I hope it does. As for price, I don't see the logic behind $10/bbl 20 years ago and almost $200/bbl just a few years ago. Manipulation is all I can think of.

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