thepete.com
A funny thing happened yesterday. I read about oil prices going down. I thought to myself “Hm, is this a trend? I’ll have to blog on this and admit that I might have been wrong about my theory on oil going up and never coming back down.”
Then, today, I find an article from AP.org available at BusinessWeek.com that reports oil has gone back up.
All right, so I was slightly wrong in that oil prices aren’t on a steady climb upward. However, my guess is that from here on out, oil prices may have a few modest drops, but generally oil will only go up from here. In other words, if you can afford to invest in oil now, I’d do it now because in the coming years, prices will be higher.
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