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Hi Anuraqupta,

You're correct in that PDS and UNT are not pure oil stocks. I should have labeled as "energy" stocks.

I think you're questioning the the current price point is certainly valid - it just seems crazy. I do note that DOE data on world oil production shows supply has not increased from 2005 levels. See data for 2006 and projection for 2007 in link.

http://www.eia.doe.gov/aer/txt/ptb1105.html

An aside - the U.S. consistently purchases oil and places in the SPR (Strategic Petroleum Reserve). Who would have thought the federal government clever enough to be sitting on some 3 and 4-bagger investments over the past few years?

Another aside - a good price on Guinness is about $336 a barrel ($1/pint). For now, I go through more gasoline a week than Guinness, but that may change!

Pat in Colorado
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