Oberweis on oil: A long-term overview

Though best inown for his expertise in assessing small cap growth stocks, Jm Oberweis Jr. is also a top-notch analyst and money manager with keen insights on macroeconomic events.

Here,  the editor of The Oberweis Report takes a look at the fundamentals and psychology underlying the oil markets, offering a look at the likely long-term outlook for oil and select oil service stocks.

"Look no further than the crude oil market for a case study in price volatility and rapidly changing investor sentiment.  One month ago, in the face of $147 crude oil, the bulls were stampeding and brazenly promoting price targets of $200, $250, or more.

"Politicians were assailing the dreaded 'speculator,' likely because it’s easier to blame a fictional villain than look in the mirror and accept responsibility for contributing to an inept (or arguably non-existent) national energy policy.

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