Oil is climbing up slowly but surely it looks as if it will be sky rocketing again, perhaps this is a good theory on oil prices. I’m here to help you investors out with the best investment information and stock tips information on oil prices and the situation we have with the oil industry. Billions of dollars in this lucrative commodity, oil is a need for everyone on all walks of life unless we can successfully invent solar powered or H20 Run vehicles that aren’t outrageously expensive and that the average consumer can afford. Not everyone can keep up with the Jone’s and buy a $60k Grand Hybrid. I do think HYBRid stock should perform well and make some great returns for a lot of investors but it won’t make dramatic, instant returns for the capital gains investor that we want until Auto manufactures can design and create such a cost savings effective as well as a low retail prices Hybrid car, SUV or Sudan than HYBRid stock won’t do anything out of the ordinary (Overnight Millionaires).
we did see a $1.17 drop on oil last week putting crude oil at $60.50 a barrel. Last year oil was at $3.99 at this time, what big difference in price, right? Oil right now in FL is at 2.41 AVG and in the U.S it is $2.20 – $2.60 a gallon for oil at the pump . Oil last year at this time was at $130 a barrel but it is less than half of that right now but watch out of the steep climb I predict oil will be especially during the summer, you know oil prices are going to go up cause more people are going to travel, do fun things and get prepared for the fun, summer events that the US will see this year.
OIL PREDICTIONS 05/24/2009- So right now we’re at a low $60.50 a barrel, well by August we should see oil back up at $75.00-$90 a barrel. I hope I’m wrong but for me I hope I’m right cause a lot of my investments are with different oil companies and oil funds, so I hope to make so great money this summer when oil starts to rally a little bit.
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Oil Stocks to watch – ALJ $11.90 -0.18 OilGasRef – EPE $26.35 +0.18 OilGasRef – TLP $21.32 -0.94 Pipelines – SE $15.05 +0.10 Pipelines – SLB $51.75 -0.19 OilGasEqp – ALY $2.80 -0.10 OilGasEqp - PBR $40.58 +0.71 DrilExplor – CXO $29.13 -0.27 DrilExplor
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