I have the same view of oil prices. The speculators are squealing now because oil is at a four-and-a-half year low.
Well, I was in the Bakken four-and-a-half years ago and they were drilling like hell then.
Yes, I get it that at that point they were convinced oil would keep going up, which until now it did.
But it won't keep going down any more than it will keep going endlessly up.
looks like a buying opportunity for oil stocks. sure it could go down a bit more but why be greedy?