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To: LoneClone who wrote (1761)11/16/2006 8:32:05 PM
From: ms.smartest.person  Read Replies (1) | Respond to of 3198
 
IMVHO The drop in the price of oil is temporary.

Whether it is this month, next month, or in 6 months the supply/demand and global political picture will drive the price back up to and beyond its 2006 high.

Natural gas has been hammered and it is only a matter of time until it recovers. NG will have more problems if supplies get squeezed. The number of drilling rigs is only about 40% of what was in use a year ago.

I would rather be in North America during a gas short squeeze than in Europe with Russia's hand on the spiggot(sp?).

BWTHDIK