sixty minutes, page-48

  1. 1,605 Posts.
    I have some cash....looking mainly at Santos STO, WPL. I just think oil is the safest for the following reasons:

    1. Very difficult and expensive to find;
    2. Supply is controlled by a cartel who can and do manipulate the price as they see fit;
    3. OPEC has been enjoying the river of money coming in, and arne't going to let the price drop to much more;
    4. Yes there will be an economic slowdown, but oil demand will only keep going up;
    5. No ready substitute.

    I already have BHP and RIV (coal).

    What are you thinking LH?
 
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