Position yourself now for $300 a barrel oil

Smart traders know oil’s retreat is temporary

NEW YORK (MarketWatch) — Human beings are a predictable bunch and we tend to wait until things get to a painful crisis mode before taking drastic action.

My question is why does it always have to get to that point?


Take the most recent run-up of oil prices, when crude hit $147 a barrel and gasoline was trading around $5.

As prices reached nosebleed levels, the general public was in a great deal of pain and they acted accordingly. There was an outcry for more alternatives, more refineries, conservation, infrastructure investment etc. Everything from clean-coal technology to nuclear was on the table.

Fast forward to today, with crude prices at around $38 and gas back below $2, and it’s a very different picture. No pain means no gain in solving the problem.

Let me be clear, though. That problem hasn’t gone anywhere.

MarketWatch