Visit Land of Black Gold

To Fadel Gheit, with love.

Posted on June 01, 2008

Something to think about, though I'd cite Tim Evans as a bigger skeptic, and so far, totally wrong.MSN Money: The end of the oil stock rally.When everyone agrees that oil stocks are the thing to own, where is the supply of new buyers going to come from? And without new buyers, oil stock prices will stagnate and then fall.Fortunately, not everyone is convinced yet. Oppenheimer oil analyst Fadel Gheit, for example, continues to write that, fundamentally, oil shouldn't trade at more than $55 a barrel. To which I say, God bless. The minute the last skeptic turns into a believer and bellies up to b...

Original article link


gas , oil , petroleum