| | | Anyone with any sort of experience with oilpatch (investing, working, etc.) long term -- over decades -- knows, just plain knows that every boom leads to an inevitable bust. I know I'm not telling you anything you don't already know, iso... I've read both articles and see both valid pts and not so much, but still just KNOW that there will be a bust -- I don't know the exact thing that will be to blame, but I know it's going to happen -- and everyone here who's been watching, investing, discussing and/or working in oil knows it, too, deep in their gut.
The trick is to be ready to take advantage of it, just as it will then be time to get ready to take advantage of the next boom. Everyone has their ways of doing these things, so I won't bother with that. Just wanted to remind everyone what we already know -- and, no, this time is not going to be different except for... maybe... maybe... how long the present boom lasts -- knowing that the longer it lasts, the harder the bust will be... think 1986 as an example. |
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