http://housingdoom.com/2009/01/12/crack-of-doom-its-not-just-ok-to-ignore-reality-it-helps-the-economy/ "He who defends everything defends nothing." - Frederick the Great Tue, 16 Mar 2010 15:28:08 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://housingdoom.com/2009/01/12/crack-of-doom-its-not-just-ok-to-ignore-reality-it-helps-the-economy/comment-page-1/#comment-18615 Yossarian Tue, 13 Jan 2009 02:22:35 +0000 http://housingdoom.com/?p=1961#comment-18615 Oil prices, according to a podcast on Bloomberg, will bottom out around 33 bucks a barrel. That looks good. You could even invest today, and while you wouldn't get the absolute bottom, you'd probably turn positive within weeks, maybe a few months. Either way, good long term bet. Supply declining, new exploration projects being cancelled, OPEC waking up a bit, Cantarell dropping.... to me, energy related looks like a safe bet (not alternative... too iffy, unless Obama does something). But not if you want to make a killing right away. Oil prices, according to a podcast on Bloomberg, will bottom out around 33 bucks a barrel. That looks good. You could even invest today, and while you wouldn’t get the absolute bottom, you’d probably turn positive within weeks, maybe a few months. Either way, good long term bet. Supply declining, new exploration projects being cancelled, OPEC waking up a bit, Cantarell dropping…. to me, energy related looks like a safe bet (not alternative… too iffy, unless Obama does something). But not if you want to make a killing right away.

]]> http://housingdoom.com/2009/01/12/crack-of-doom-its-not-just-ok-to-ignore-reality-it-helps-the-economy/comment-page-1/#comment-18611 toysarefun Mon, 12 Jan 2009 16:39:16 +0000 http://housingdoom.com/?p=1961#comment-18611 I think more fraud is being exposed, or um realized, so maybe that's good news. I think more fraud is being exposed, or um realized, so maybe that’s good news.

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