Tuesday, December 26, 2006

And the winner is....

The oil still is in command. We ear about new energies, from air, from sea, from lithium batteries, but oil still is the most affordable and reliable commodity, in energy field.

We are, among a crowded legion of people, believers in a kind of quest for oil, in a typical Hollywood contest, all over the world. We only see news from certain countries, because of oil or natural gas, like Angola, Nigeria, Turkmenistan, Dubai or Brunei.

We read this: "I like energy and materials because emerging economies like China and India just have such demand to grow, and they need materials and energy to do it,".

Even, if US will stay in sidelines, in 2007, believe that this kind of news, will only help energy sector stocks:
  • At least 200 people died today in a large fire after a burst fuel pipeline exploded in Nigeria's largest city, Lagos.

Of course, if you buy Total, Exxon-Mobil or BP, probably you will not have a huge return, but you have probably a safe and nice return.

2 comments:

António Balbino Caldeira said...
This comment has been removed by a blog administrator.
Anonymous said...

Oil spins the world...