tag:blogger.com,1999:blog-6616959642391988608.post8909181071154592394..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Oil bubble has popped--excellent newsScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-29450816830155504622008-10-16T16:14:00.000-07:002008-10-16T16:14:00.000-07:00Thanks for your answer, Scott. I think you're rig...Thanks for your answer, Scott. I think you're right about the short term, certainly looking out a year or so. But I have to believe that a balanced fund that includes companies in all aspects of oil-gas-coal (from exploratory drilling to refined product) will likely see a nice long-term upside. As you say, demand will continue to grow. Even if the West becomes less energy intensive, my guess Jon S.https://www.blogger.com/profile/14840074248344452572noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89977087227606882152008-10-16T14:33:00.000-07:002008-10-16T14:33:00.000-07:00Jon: Energy stocks are likely to get beaten up a b...Jon: Energy stocks are likely to get beaten up a bit more before they stabilize, since oil prices are likely to overshoot on the downside. Looking out 10 years I imagine that prices would be higher, as I think global demand for energy will remain very strong. But I'm not an expert on energy stocks, so take that with a grain of salt.<BR/><BR/>cdlic: OPEC has never been very effective at Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-34211895384349863032008-10-16T12:13:00.000-07:002008-10-16T12:13:00.000-07:00Scott,I guess the only wild card is how OPEC will ...Scott,<BR/><BR/>I guess the only wild card is how OPEC will respond regarding upcomming production quotas.CDLIChttps://www.blogger.com/profile/01216074401236580903noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59661129739596695102008-10-16T09:01:00.000-07:002008-10-16T09:01:00.000-07:00Do you think that energy mutual funds are still a ...Do you think that energy mutual funds are still a good long-term buy, say for someone with a 10-year-plus time horizon?Jon S.https://www.blogger.com/profile/14840074248344452572noreply@blogger.com