Jun ‘09 - Energy I
June 27, 2009 · Print This Article
Unpredictable, volatile, high risk, anti-leader, contrarian indicator … call it what you want, you can’t deny the obvious presence of one of the most prominent and explosive counters in the market – Energy.
This commodity is so significant that countries go to war for it just as civilizations past used to go to war for gold. So precious is it that the U.S. decoupled its dollar from gold for oil. Oil is regarded as more valuable than gold because the metal can be mined and hoarded while oil is mined and continually consumed. It is a depleting resource that is becoming more and more precious as we demand more and more of it. The price of oil is watched very closely as its movement will move markets. Its price is indicative of the rate of inflation. Its price affects the way we live.
To own oil is to be blessed, to want it is an obsession, to have it can be a curse and to need it is a life-long addiction.
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