like govt's of the world willing to chuck anything at the financial mess, we look to be getting the same thing with OPEC. We have markets unable to value commodities correctly as a lot are now trading under the production cost price. It looks like the only way to get things into a fair range is make it happen with supply cuts. $150 down to $40 is simply nuts on any scale and proves the system is not about supply and demand but massive speculation by funds and investment banks [supply and demand of money only]. These guys are getting sorted out more and more by the day. Its a pity they took so many shareholders with them. Goldman Sacs were the first bunch of rampers calling oil to $150 and now they are all down ramping the price. Gee..i wonder what side of the trade they have been on for the last couple of months..I like energy stocks and good emerging companies like OEL and OEX have been caught up in all this mess. What ever happens, oex will survive and do very well next year imo. dyor.
OEX Price at posting:
28.4¢ Sentiment: Buy Disclosure: Held
