re: Oil stocks...are you buying?

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Who cares if the population is growing if the rate and efficiency at which they pull oil out of the earth is increasing just as fast?

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In the short term maybe. In the long term it's a non-renewable resource and it will get more expensive as supply gets gobbled up over the next 100 years.

As for oil stocks and the short term, we have seen a lot of ups and downs over just the past few years. Just wait six months or a year, things will change. I will be very surprised if I haven't sold calls on my oil stocks by the end of this year. There is just too much fluctuation in the market and in the world.

I would sell more puts on oil stocks right now if I hadn't already done a big chunk. Oil may or may not have bottomed out yet, but it's way down and it will come back up.