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August 2007 Archives

Big Opportunity

Rating: 1.57 (16 votes)    Vote:
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The market's tumbling and it's time to increase your positions. Think of this as one big fire sale. Everything is cheap and it's fun to get bargains. The place to be is in energy. Moreover, the global economy is booming. India and China, two high growth countries, consume just two barrels of ils per capita each year---less than 100 gallons. By contrast South Korea and Japan consume about 15 barrels per capita and the U.S. about twenty-five. South Korea and Japan quadroupled their oil use between 1984 and 1998. If one assumes that India and China merely double their consumption, think of the demand increase that will occur.