The price of oil fell again on Friday, with spot prices closing under $110. Has oil's multi-year bull market begun to crumble, or is this just a mild pullback in an ongoing rising trend in the price of oil which has many more years and dollars per barrel to go?
The link below will take you to a 17-minute crash course on, "Peak Oil, When Demand Exceeds Supply." It will outline in layman terms where the price of oil is in relation to where it has been and where it is going. It provides the fundamental story that along with technical analysis will provide the framework for trading oil, through ETF's, stocks and futures, going forward. Accordingly, it will do the same for Alternative Energy, Solar, Nuclear, Natural Gas, Wind and Biofuels. Consider this required watching for all readers and lurkers of AllAllan.
PEAK OIL, When Demand Exceeds Supply.
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3 comments:
That was very interesting and is the exact reason I am long WEL. Are you still long DUG Allan?
thanks allan.
i watched part of this a while back:
http://video.google.com/videoplay?docid=3340274697167011147&hl=en
Ali
nnvc one of my long time hold is dumping on some reason. Any take on this?
tnx curt
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