Red Ryder

Oil Industry: Farewell, Good Old Days

Don't ignore the comments above: They're not idiotic as atavista says. It's a boom and bust commodity industry, always has been and always will be. Natural gas is different. The author talks about Pennsylvania, which is likely natural gas leases that people are paying a lot of money for and then he goes on to talk about the price of oil. Need to keep the two separate. We'll bounce around for a while on prices and then slowly start creeping back up, then go into a hard run up, then of course, another fall. Make sure the companies you buy at this time have good balance sheets and low debt. I know for a fact that they see this as a buying opportunity.