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Zeromillion.com reported Oil Stocks As A Long Term Investment:
Zeromillion.com reported Oil Stocks As A Long Term Investment:
The demand for world oil is increasing while world reserves are decreasing. This is a known fact. The current price of oil can certainly confirm this statement. Consensus also agrees that we will never see $25.00 oil again. The logical conclusion to our above statement is oil stocks should be a good long term investment. However, the location of the oil companies? reserves can affect their bottom line and valuation.
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