If history is any guide, the left’s celebration of falling oil & gas prices may be premature. Here’s one such headline proclaiming the ‘end’ of of the oil:
But wasn’t the end supposed to be in 2011 and 2012? What ever happened to that?
The welfare left, in their wanting of crisis and deflation, are interpreting what is a cyclical dip as some sort of harbinger of the end of oil. Oil will surge above 100 again when the dow crosses 19,000 next year, and all this ‘oil is dead’ talk will be for naught. You know you’re a lib when you rejoice over lower prices the sight of rich people losing money.
Note: This is not an endorsement for oil and energy stocks. I would rather own Facebook, Healthcare, and the Nasdaq 100.