[jyl]

My turn to plumb the PPOT braintrust. The question is oil demand, supply, and price in the next couple years.

Oil companies all see recovery under way, earnings growing, cash flows firming, debt paydown, blah blah. No-one cares, though. You buy oil company stocks when oil is going up; when oil stops going up, you sell. Unless you’re in it for the dividend, but there are other dividend stocks that aren’t so aggravating. Anything else and you’re going to be the guy crying why isn’t this stock working, earnings were so good, valuation so reasonable, while everyone else eats your lunch.

So, is oil price going up? And why?