One note to President-elect Barack Obama. I highly recommend you add 200 million to 300 million barrels to the Strategic Petroleum Reserve as soon as possible. We have been given a gift of cheap oil. Don't lose this opportunity to add at prices we haven't seen in many years. An investment of $8 billion to $10 billion out of a trillion dollar stimulus package will be cheap insurance. The SPR can be expanded to 1 billion to 1.1 billion barrels, providing a buffer from the next oil run up.
What? You don't think oil is going up? Ever? When trading or investing, be mindful of this rule -- trade with your head, not over it.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.00 | 1,107.93 | 2,201.05 | 36.03 |
Oil *
72.08
|
|
DOWN
49.05
|
DOWN
6.18
|
DOWN
11.05
|
UP
0.57
|
10 Yr
3.60%
SPDR Gold
110.21
|
|
-0.47%
|
-0.55%
|
-0.50%
|
+1.61%
|
Data delayed 20 minutes |














