Quote Originally Posted by Raz View Post
Crude will soon most probably make a significant low in price. The caveat (there's always one!) is a de-facto break-up of OPEC if they make no attempt to cut quotas and decrease production into a weakening Asian and European economy.

Since I bought 1,000 shares of Conoco today the caveat will probably prevail, so wait awhile and you just might pay less than the $64 I did.
They are doing it to hit the Russian rouble, some experts say.
Right now, the dollar seems to be a good asset.

But I think once oil drops very low, IT will be a great buy. So, keep your eyes on oil stocks, but up and hold for years. In 5-10 years time, oil will become very expensive!

This is a temporary drop.