[Lurkina.n.Learnin]

So much for the $60 bottom, er ah $55, er ah $50 bottom of oil. Picking a bottom is purely a guessing game. You would be better off picking your nose.

[expat_panama]

--as in you can pick your friends and you can pick your nose but you can't pick your friend's nose?

Picking a bottom though is easy (stop right there --we're talking oil prices!). It's foretelling the future that's hard.  What I like to do is go with the fact that what's happened before is more likely to happen again than something that's never ever happened.  We've had $20 (inflation adjusted) oil before --plenty of times.  I'm expecting a return visit to that range before this is over.

[abb]

Time to buy energy companies. I’ll have an order in sometimes today.