I called the top on oil prices back in 2008, as it approached the unsustainable $140 mark. I could see that either oil had to fall or BOTH China and the USA would have collapsed economically. This time it has to start dropping in price by Autumn or about a dozen countries will fail...
Resistance is still at $140, and we may not even get past $130 this time, as major economies are growing slower and oil-displacement technologies (conservation, geothermal, electric vehicles, biofuels +++) are taking increasing market share.
Look for a high in July or sooner, possibly between $125 and $135.
Peace,
Joe
Popular Posts
-
Here are some clean power penny stocks to consider accumulating positions in during the current market weakness, with an expectation of sel...
-
Top Global Wind Power Companies Alphabetical list of major publicly-listed wind energy stocks: A-Power Energy Generation Systems, L...
-
Publicly-listed Windpower Companies and Suppliers AAER Wind Energy (TSX-V) Canadian windpower stock Acciona Windpower (ANA.MC) AeroVironment...
-
If we are going to transform this planet into a sustainable, infinite energy powered living macine, then Rare Earth Elements will continue t... -
Rare Earth Minerals stocks, investing in Rare Earth Elements Here is a list of publicly-traded Rare Earth Elements stocks: Alkane Resource L...
Subscribe to:
Post Comments (Atom)
Find Green Stocks, Ethical Investing Search Engine
Custom Search
No comments:
Post a Comment