RE: Crude reaches $97 today!!People will never, ever learn...
Cheering the hundred dollar oil!!! as if its gonna benefit anything... hahaha. You will lose way more in a year paying the extra fuel and heating prices, along with everything else in our daily lives related to the oil industry, then you will ever make back investing in LFD or VST.
What happened to the shareprice's of LFD, VST, and olthers the last time oil breached a hundred?
NOT up, but DOWN!!! Way down, in fact, everything went into a near depression level economic collapse.
Can the world afford $100 oil at this time...?
No, not a chance. $100 oil will set the US back into a frenzy of foreclosures, job losses, etc... because it simply cannot be afforded. Its like hitting everyone and every business with a HUGE added tax...
The last time oil breached $100... it was not a good thing, not even for oil.
I would personally take this dramatic rise in prices as a serious bad economic sign of things to come, even for our little LFD.