Very, very out of touch with the real world. Oil supplies are limited. And value will only increase over the long term until more economical energy sources are developed. Sure oil prices can fall in a recession due to decreased demand, but recessions usually last less than 3 years. So 10 yrs from now, most believe prices will be up. Paul,not to cause a stir or to be offensive towards you.....but you dont know much.....We are going to a more progressive tax scheme......production in the US is going to start to pick up over the next decade......but China is going towards bankruptcy........China is slowing down badly.....that wont end well.....As for energy.....there is plenty of it....that was not the problem that caused oil prices and other commodes to rise......the US during the supply side econ period, the US was printing too much money.......even though the last twelve years was the end of the supply side period or because the ship had not turned yet away from supply side econ.....we saw commodity inflation as money was printed to keep the economy going.......that is coming to an end for now.....will energy kind of languish for about a decade while rising very slowly? probably.....you could be right.....from 1950 to 1960 was a rise from $8 bbl to $10 bbl....a 25% rise in a decade this coming decade might mirror.......you could have some of that right.....the pipeline is a very bad idea.....it would travel in part across eight or more states that have an aquaphor underneath where the pipeline would go......that aquaphor is the largest in the USA.....and it is not all that deep.......Nebraska alone is having the route of the pipeline dramatically moved around its state entirely......while it is grandiose to play with this notion of a massive pipeline the reality of a spill from this pipeline would cripple permanently the entire US farming region of the mid west and possibly parts of the south........I guess if you dont care you can say things about me being out of touch with real world.......Dave
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat