The Falling Oil.

Well the US light crude oil prices is falling. The US light crude oil prices for February delivery fell $1.62 to settle at $54.05 a barrel on the New York Mercantile Exchange. ( see Oil Prices Settle at 19-Month Low and Crude Sinks After Inventories Data )

Chris Puplava, Financial Sense Market commentator has brought up a very interesting issue: Betting on Oil: Opportunity of the Decade?

His conclusions were..

• With China and India still growing at an astonishing pace, global oil production in decline, global oil spare production capacity thin, OPEC cutting production, oil inventories not excessive, and energy valuation multiples at bargain-basement levels, investors may well be rewarded by purchasing energy shares under these conditions as the energy sector is likely to be one of the biggest manias of the decade.

Give that article a good read.

And here is other articles of reading interest: What's Behind the Crash in Crude Oil? by Gary Dorsch, Chris Droke Oil and Gas: What's the Story for 2007? , Th*nk*ng (P-oil-ITICS) by Fred Cederholm and The World's Push for Power by Chris Mayer

Cheers!