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Scratch Oil For Now – Gold, Alternative Energies Will Outperform Near-Term |
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| May 30, 2008 06:32 AM UTC |
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Tracked Blogger
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Via Long Investment Ideas from Seeking Alpha:
Our over-saturated information world has immunized us to the most pressing problems we face as a species. The price of oil, for instance, is no longer interesting, even though it sets records weekly, simply because it has been doing so for the better part of a year, and so that news becomes uninteresting through sheer ubiquity. The economic repercussions of this cost of oil, which, as feedstock for gasoline, heating oil, jet fuel, diesel, and many plastics, takes a long time to reach into your pocket and squeeze hard though. Would you believe me if I told you that the price you are now paying at the pump is in greater relation to $65 a barrel oil, not $135. 
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