23
Dec
This is a very interesting piece on oil & reserve in Saudi Arabia.
Part I
Part II
If I were to know what the price of oil, 6 months from now, I would be in Las Vegas too. Have we reached capitulation yet for oil? Nobody knows.
But let’s not forget, what happen when analysis started calling for $200/barrel early this year?
Separately, oil will be the best indicator whether we’ll be having an Obama rally or the so called infrastruture or 3 million jobs rally comes first quarter of 2009.
