The FinancialContent Network     SocialPicks Community   |   MarketMinute Monitor   |   MarketMinute Market Updates   |   MarketMinute Stock News
SocialPicks
   Sign Up   |   Log In   |   What is SocialPicks?     

These Three Deep Sea Drillers Look Like a Bargain

 Jun 18, 2008 01:21 PM UTC
Return Risk
-61.61% HIGH
Tracked Blogger
Symbol Sentiment Start Return Closed
DO Positive 06/18/08 -28.40% --
NE Positive 06/18/08 -41.23% --
RIG Positive 06/18/08 -44.72% --

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  


Fundamentally we know that the world thirst for oil is going up. It will continue to go up in the future because the strongly growing economies of India and China will drive that price up.


An earlier Seeking Alpha article noted that India and China both consume less than 2 barrels of oil per person per year. The U.S. consumes approximately 26. The Western European countries and other developed countries consume 13-15 barrels per person per year.


 Graphic_website1 Read the rest of original post »



Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment



IN THE PRESS
Press_forbes Press_washingtonpost Press_wsj Press_npr Press_techcrunch