interesting comment

Just looked at some advertising blurb for Fat Prophets and came across this comment which I thought was very relevant:

"Oil Is STILL Almost Double Its Price Of Last Year

Despite that, we are firmly of the view that this is a correction within a longer term commodities bull market.

The falling oil price is featuring heavily in the news at the moment, down from close to US$150 a barrel just a few weeks ago to around US$120 a barrel. To put things a little into perspective, at US$120 a barrel the oil price is merely back to where it was a couple of months ago and still almost double the level it traded at last year!

It doesn't seem fair that the share prices of some of our specially selected smaller oil companies have been hammered in recent days, falling 10% or more. "

Though they are not talking about NZO it seems that its sp is being hit around a bit by an apparent fall in the oil price. But as they say the price is just back to where it was a few months agao when we were all rubbing our hands with glee at what it meant for NZO while taking disprin for our headaches for what it meant for running our car.