Quote:
Originally Posted by Azure
Oil is back up to $60/bbl.
Good news.....if it keeps going up, maybe the deficit won't be so bad after all.
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As I mentioned before in a nother thread, there is NO way oil can stay down for too long. It may not jump right back up to boom levels right away. But it's a dwindling resource in a growing world, and as much as we talk about conserving and fixing the problem, we're really not moving very quickly in that direction.
Course, I'm not saying we don't have to be cautious and manage the money and resource properly, of course we do. I'm just really doubt all the doom and gloom that surrounds a lot of talk in the industry. Maybe the companies should be aware of the booms and busts and manage better instead of riding it, their assets, and their employees like a roller coaster.