joewillie12
TUG Member
- Joined
- Jan 23, 2013
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Not sure if oil is a great buy yet? BE CAREFUL! Iran has just joined the party of selling cheap oil. Their embargo was just lifted and they have alot of oil to peddle. I'm no expert by any means but do follow the market daily. There are predictions that oil could drop much lower. Its amazing to fathom that after paying over $4gal not to long ago.This is NOT a repeat of the Great Recession in 2008. Low oil prices should have a stimulative effect on the economy, plus all this turmoil in the markets will keep the Fed on hold. We were overdue for a correction, but I predict the market will return before the end of the year. Oil stocks are a great buy here.