Calif Bill wrote:
Yes I read them, and oil stocks are down a little. But they are up a
lot.
Part of the problem with rising crude prices, is the cutting of
buying.
People will travel less, will cut down on buying as the price gets to
high.
Rapid rise in oil in 1973 caused a world wide recession. Go to
www.yahoo.com and research XOM and CVX over 5 or 10 years. They draw
nice
charts of the price. Look at the dividends aslo.
The rise over 5 and 10 years has nothing to do with the rise in the
price of crude. Historically, when crude prices jump, oil stocks go
down.