GREY:CLLZF - Post by User
Comment by
dondonon Apr 30, 2008 9:57am
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Post# 15022560
RE: Pickens Says Oil is Going Higher
RE: Pickens Says Oil is Going Higherok so I agree with longterm oil but this refference to the greenback as a reason for high price of oil well I beg todiffer.The USA dollar is down because of trade defficit and yes due in no small part to the importation of Oil.I always thought and still do that a rate drop is good for Oil ,ie it adds to cashflow "moneyless expensive to borrow for infrastructure.,now that should be incentive enough for investors to accumulate the likes of CLL,but no the spindoctors call for a drop in commodity,when it should be the opposite.
Peake oil (the lack of)is what will determine Oils pricing,IMHO this is a Short and a Longterm play,the sooner PEAKE Oil is accepted the more stable prices will become ...