I tend to agree with wulff's statement pertaining to the "end of cheap oil" I've heard some interesting opinions on the issue of peak oil. Some projecting that reserves although increasing currently as demand shinks, middle east proven reserves are lower than OPEC officials would like, meaning they are not only cutting production to increase price but to maintain little remaining oil for domestic use.
I too have heard the same arguments about the lower reserves in the Middle East and I'm not smart enough to verify their truths but what I do know or at least believe is that the price of both oil and natural gas are headed higher in the long term - hence i tend to focus on the energy sector.
Commenting by HaloScan
