Fuel Prices
posted on
Oct 22, 2008 04:23AM
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Tyhee intends to guard its monetary resources closely even to the point of shutting down its drilling from what I gather.
One investment that would probably make sense for them though at this point would be to "lock in" some fuel supply at current pricing.
Virtually all the energy experts on JP's podcasts suggest that energy prices cannot remain low like this forever. The dollar (which substantially affects the oil price) appears to have had several favorable but temporary assists in its rally as well as a technically oversold bounce that was due. I can't believe the dollar can continue strong much longer in the face of the current monetary giveaways or that these energy prices will last.
For those who contact DW that thought might be passed along. I doubt that they haven't already given consideration to this but it does seem to be a temporary opportunity.
P.