Thursday, September 01, 2005

Anyone with half a brain should sell their oil stocks. Remember these prices OXY $83, XOM $61, COP $69. And see what they are trading at a year from now. People have quadrupled their money on this run. Now the greed comes in because of the natural disaster. Put mother nature is telling you to sell not buy.

Wednesday, August 31, 2005

A tragic occurance in New Orleans, and Mississippi, skyrocketing oil prices. What will happen to the economy? My guess is that by this time next year the gas prices will be a lot lower less than $2.50/gallon. The alternative if I am wrong, is ugly. Everyone will stay in and watch movies. The economy will get clobbered. Interest rates will plummet, and Bush will lose the Republican majority in the House and Senate.