RE:RE:RE:WednesdayAs per my response to a post by Migraine the other day...when you use my name in vain - I need to respond....lol
1..... we have beaten this subject to death on this Board IMHO
2....as per a back and forth between Migraine and myself a couple of weeks ago - a key issue is whether going forward there will be greater demand destruction or supply destruction. If you think the former then you should definately be invested elsewhere. Conversely, if you think there will be greater supply destruction then perhaps oils will be a good investment.
Despite Point 2, my approach is that if there is such a debate at all and there are other companies which have growth prospects and going with where the world is going, then you should invested there - whether it is oils or anything else for that matter. It is this approach plain and simple why I have made a lot of money being an investor over the past 50+ years....or in other words - I put my money where there is the least risk to make money. Right now, for me other than taking advantage of short term price inefficiencies which I have recently done, my longer term money is not in oils since I consider it to be higher risk than elsewhere. Or as Rockefeller said in the early 1900s - "Don't fight the tape".
Each to their own...and I have said many times - what you do depends on your investment objectives and risk tolerance. My best advice to anyone reading this is to figure this out and invest accordingly.