Next buzz: State-support for Oil Companies

Discussion in 'Trading' started by GEBAKK, Nov 15, 2008.



    Hello guys, we passed the point of no return. We entered the next era of fascism or communism. After the banks the government need to support the overinvested oil companies. There are many of them loosing lots of money with the collapsing oil prices.

    After the high oil price shakeout of refiners, we now get the low price shakeout of traditional oil companies. Boone Pickens busted?!

    I think we gonna see a downward spiral of demand and supply for oil.