Getting a Grip on Oil Services
Will the drillers catch up with crude? Or will crude go down to where the drillers are?
Every day I come in here and ponder how oil can be up so big and the drillers be so heavy, especially given the fact that there's no real sense that oil's going to come down soon. Despite the fact that oil usage diminished last quarter, I don't see pricing coming down because of the Iranian Strait of Hormuz threat, because of the potential for more unrest in Nigeria and the Mideast, but most importantly because of a return to faster growth in China and the United States, which will offset the European recession that clearly is on the horizon....370 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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