Eveything has a price.....and the market will let us know when that price has been reached. There are many forces in the market place. One of those forces will be a a 2x4 in the back of the head when you are least expecting it... Dont be greedy...taking a profit is what the winners do.
Maybe this has already been said but isn't higher oil prices a result of strong economic expansion, stock profits = bullish.? The embargo of the 70-80s was an addition to the war hangover and stagflation and would stifle growth. This is different as global growth is balls to the wall in the have nots. China russia SE asia and india need oil to industialize, pave etc and of course we have Yukons. Of course if SA blows then it may be bad Should the Chinese gov be allowed to buy Unocal? http://www.npr.org/templates/story/story.php?storyId=4716825
If we nuke China our oil problems will be solved. Mind u we may have WW3 on our hands but isnt that better then living like cave men?
What's china going to nuke back with, out of curiousity? The 30 year old rusted and leaking fuel ICBMs they have?
Should the Chinese gov be allowed to buy Unocal?[..........] Only if its a level playing field. China is state run. It should be Company vs Company. North Americans are very accommodating of China...too much so. China owns so much of our debt... We are the spenders.....they are the savers. You do the math. Is a case of the tail wagging the dog.