Energy Stocks Worth Keeping

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Part of the increase in average floor valuation for a barrel of oil is a reflection of the devaluation of the dollar. Another component of the long term average increase in price of oil is due to increase overall demand vs the ability to produce it.

Lee of MD 4:31PM August 21, 2008

The petroleum industry has been a cyclical one since its beginning. The rise and fall of oil prices, even dramatically so, isn't new. What does seem to be changing, though, is that when prices fall, they don't quite fall to earlier lows. Prices may have peaked for now, but a floor of $90-%100/barrel would have seemed outrageous less than ten years ago. And at those prices, the oil service companies will likely stay very busy for a good long while.

Daisy of TX 10:57AM August 19, 2008

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