Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Wednesday, December 05, 2007

Oil Chart

Short-term, anyway, oil is starting to look bearish. We could get down to the lower-$80 range pretty quickly, and I wouldn't be surprised to see $75.So why are energy stocks rallying so hard? Beats me. Maybe investors are thinking a pullback in oil is just short-term.


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