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Message: Friday Funny

Re: Friday Funny

in response to by
posted on Nov 21, 2008 04:16AM

Good one JQ.

I remember being one, like most, grousing about high gas prices. Now with a stock portfolio heavy into energy stocks I am hoping for oil to go up. It is an interesting trade-off knowing that high energy prices are not good for the economy, enjoying the lower gas prices now but with an eye on the price of oil and NG knowing we (holding QEC) will benefit from higher prices.

All indicators (peak oil and post-recession demand) seem to point to an eventual return of $150 (and higher) oil. With NG tagging along we qec'rs will be able to fill up our SUV's and boats. I rationalize that energy prices are going to rise regardless of us so we may as well position ourselves to be insulated from it.

Have a good weekend

Inceptus

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