All-Star
Joined: Jan, 2006
Posts: 14917
Posted:
#2
The uptrend in oil won't be broken until it crosses below 100.
Hell, man, I got no money long or short the goddamn thing, but I'd love to see it below 100 a barrel. Fcku "big oil."
But, I am a realist, and the reality is that oil is going to keep going up until the world transportation/energy mechanisms are overhauled.
Oh yeah, there'll be "pullbacks," but the long term trend for oil is up, up and away.
The uptrend in oil won't be broken until it crosses below 100.
Hell, man, I got no money long or short the goddamn thing, but I'd love to see it below 100 a barrel. Fcku "big oil."
But, I am a realist, and the reality is that oil is going to keep going up until the world transportation/energy mechanisms are overhauled.
Oh yeah, there'll be "pullbacks," but the long term trend for oil is up, up and away.