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Page added on January 13, 2007

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Cheap oil’s life is likely to be short

If you’re a big investor in petroleum stocks, the past several months have likely been a period of increasing nervousness, with the price of oil moving down from a midsummer peak of around $77 to a recent price in the low 50s.


Of course, in the far more likely event that you’re mostly exposed to energy markets through the gas pump and the fuel-oil company, this period has been perfectly delightful.


In either case, it’s probably not a good idea to expect the trend to continue.
Canada.com



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