It just should not be this cheap….thinking about the (DXO). A followup to last weeks posts on oil. Both these interviews to follow are with Saudi Oil Minister Ali Naimi .
From 60 Minutes Tonight.
Watch CBS Videos Online
A CNBC Piece from 2005, Melissa Francis interviews Ali Naimi
No matter how many holes I try to punch in it, I just don’t see a scenario where oil is not much higher at the same time next year. If it isn’t, then the global slowdown has become far worse than anyone imagined and the price of crude is the least of our worries, unless….even despite a global severe recession it is still higher.
I also think the dollar is in for a major fall. Starting to look into a long oil, short dollar trade..
Disclosure (“none” means no position):Soon to be long oil..
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