The past 5 times I became an oil man, oil collapsed. I stepped in an added to my burgeoning portfolio of oil stocks and bought some RIG. I was hoping they’d start deep water drilling again, killing sea creatures and destroying the beaches of Louisiana in order to extract some beautiful black gold.
Up in Alaska, where you can see Russia, ‘drill baby drill’ is the state slogan. We can only hope and pray that California changes their fag minds on deep water drilling. Who’d love to see some oil derricks pop up in Santa Barbara again?
You know this guy does.
My thesis on RIG is simple. The chart looks wonderful, and the moving averages are all in the right spots, plus our good friends in Saudi Arabia need more money in order to fight terrorism. It’s a win-win for all parties involved.
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