sook - The current price of oil is a short term blip on an ever...

sook - The current price of oil is a short term blip on an ever increasing price of what will soon be a very limited supply of a very needed commodity. (did you get all that??? :)

We have a world full of extrememly p#ssed off traders and hedge funds that made some very big bets the wrong way - including oil. These bets are comming unstuck. The thing to remember here is that millions of cars, running on petrol are being added to the world total every year, not to mention power plants, machinery, etc. Wait until China's economic stimulus package kicks in.. and I can tell you now, it won't be $10b.

ROC's fortunes will change, and I think it'll be sooner that a lot of people think. Market overdoes it every time. The middle ground is well and truly enough to value Roc at four or five times its current price.