RE:Oil been at $85 2 months " It's great that the last 5 days have seen share prices increasing but remember that we are just spinning our tires at $85 and need to stay over $86+ so watch that the SP doesn't get too far ahead while at $85 because of the probability of Oil dropping below $85 again"
The only ones that care about you're big bashing attitude is you and your day trading...
Get with the facts man.. at $85 crude these companies are FCF machines and will be paying down debt by the 100's of millions of dollars every quarter.. so as I said before, take your debbie downer attitude over to the high tech sector.. they're just as desperate as you.. maybe more.?
An article I read recently was calling for demand increase of 1.7 million blrs/day in 2023..
An energy analyst just stated on BNN that he expects China's consumption to continue to increase as that country is looking to expand its GDP going forward.
China's GDP currently 4-5% is looking to get back to 6-7% growth.. he mentions.. that's going to take energy to get there.. I agree... ;-)