Quote:
Originally Posted by Novice Investing
This is only the beginning
Ray The Money Man:
Would you mind giving some backup to your statement? I've heard similar statements in the past concerning dotcoms, housing. Do you think this time is different? I don't think so.
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Well, I just don't look at energy as a "Sector" in our investment world. Like dotcoms, housing, etc. Everything is changing, the rest of the world[especially the 3rd world] is moving toward living as we do. Look what we have down to the rest of the world as far as driving prices up being the largest consumers of products and materials. Especially energy of all types. And we are a mere 300 million people. We are no longer the price makers, we are the price takers now. Billions of people in the world have the nerve to start eating two meals a day instead of one. How dare they! Energy, including oil will be the center piece to this Global Super Cycle. Don't be fooled by these temporary pull backs. Imagine the expansion we had when the GI's came home after World War II on a Global Basis.