[Mase]

Hey expat, thanks for the thread. I continue to sit on the sidelines watching energy stocks getting beaten up, especially the drillers, and thinking that this can't last.

China's thirst and ME upheaval leads me to believe that $90 oil, or lower, is a temporary thing. Even so, I'll probably continue waiting and watching......for now.

[MichaelCorleone]

CNBC had an interview with a man who knows energy, and he said Saudia Arabia wants crude at around $100, and the Saudi’s still call the shots on world prices - I assume by adjusting output.

If true (on both counts), then it would seem you’re right that $90 oil is only temporary.

[expat_panama]

...energy stocks getting beaten up, especially the drillers, and thinking that this can't last.  China's thirst and ME upheaval leads me to believe that $90 oil, or lower, is a temporary thing...

Good to see you!  Yeah, energy stocks have taken quite a hit --down 16% since June-- but some how that can either be stock price consolidation on a long time support (translation: bounce time!) or maybe we're in for a longer term drop.  The oil price is weird though, for many decades oil (in 2014$) was always $40 but ten years ago it went to say, $100 and it's been there for 5 years now.  Maybe SAJ or Wyatt knows why...