Dondon

There is some support for your peak theory but my concern is if energy ie oil goes up what will be the consequence for economies and consumer spending.The energy and other commodities could be the reason for a recovery unless there are moves for less independance on energy to counter the heating ,driving etc cost.

In Europe the need to lower that cost is maybe greater then overseas.Our heating and driving cost are much higher up here.Just heard on the news they plan to hold open for at least 10 years more then planned 2 of our nuclear power plants.I heard that Austria is for more then 61 % supported by green power like wind mills ,solars etc.If governments can reduce that cost then fine for me if oil rises but otherwise I don't see a possibillity that countries all around can support once again the economy with actions we have seen lately.Now they are only bissy now to found meassures to get back some of the injected money.Not hard to figure out where they will found the most.By the hard working common people all over.It's hard to get back money from companies .

But we can asked ourselves where is the safest place to invest if we choose for an oil company.Compare the chart of CLL with Exxon.Exxon lost only 30 % to around 60 $ as lowest point from 95 in 2008 .Currently trading at 70 around.With in mind you get a nice dividend as well Exxon was in fact a better place to be despite the crisis.

I think we only risk this kind of companies because we think we can get much more out of it but as we have seen with latest drop from 5 to 1 Exxon after all was a safer place to be.But that's the beast of humans probably.Never enough in our gambling game.