I guess you mean shorting oil, right? That dog looks worse than silver right now, and that ain't easy. I had fun the other day aggravating one of my progressive lib acquaintances that owns 2 hybrid cars (that's a dead giveaway here in the US re: progressive libs) and thinks peak oil is real. I asked him when he was going to buy a new gas SUV with such low oil prices and he didn't look amused. There is more oil than the purveyors of peak oil/global warming, etc, want people to believe. Especially in North America. Just wait till they finally decide to open the spigots. I would not be surprised to see $30 oil again or lower before the price rallies again. Just my opinion. Jim
I don't believe that particular spot price would ever reach that point in my lifetime, so I'm not terribly concerned about it.. :lol: Though obviously any increases would most likely curtail the number of additional ounces acquired.
