I really think market has "dropped its bundle" with OEX
Investors have to realize the 'oil' market is in a cycle..not
to mention the total 'untapped' difficult Indian hydrocarbon
market. At the present time there are a lot of 'analysts" only
interpreting a 'panic' response to what they may call
market fundementals....the bottom line is this..
India consumes around 3 BARRELS/HEAD PER CAPITA PER DAY
compared to the WEST OF AROUND.20-60 BARRELS..
With around 10 million cars per annum hitting the streets
of Beijing..plus a second wave of middle Indian class to come...
I don"t think so.......Oil is alive and well."""
Cheers
OEX Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held