02-28-2011, 01:35 PM
Listening to some analysis about oil prices and panic mode. The interesting thing is that gas is hitting $4 a gallon now. When it hit $4 a gallon in 2008, there was all sorts of panic. People were rushing to buy Prius and dumping their SUV's. I remember going to the Toyota car dealership and seeing the row of Loaded full size club cab trucks priced normal at 36k seiing for 24k.
So now Gas is $4 but no panic. The analysis says we wont have the same panic until $4.5 or $5. However there is a lot of discussion on impact. For instance when this happen the Economy was good and people were spending money on green. Solar and battery companies were going through the roof. So were alternative oil companies such as shake exploration.
The thing I'm wondering is where to invest now. I'm betting we will see oil into the $120 or above level by mid summer. This means the $4.5 per gallon level will hit. Green and or alternative Oil exploration is going to go bump again.
So now Gas is $4 but no panic. The analysis says we wont have the same panic until $4.5 or $5. However there is a lot of discussion on impact. For instance when this happen the Economy was good and people were spending money on green. Solar and battery companies were going through the roof. So were alternative oil companies such as shake exploration.
The thing I'm wondering is where to invest now. I'm betting we will see oil into the $120 or above level by mid summer. This means the $4.5 per gallon level will hit. Green and or alternative Oil exploration is going to go bump again.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
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"If you want to change the world, be that change."
--Gandhi