6:40 AM, THURSDAY — I won’t beleagure this post, as I’m sure you won’t be able to listen or read the news the rest of today without hearing about it — but according to a story posted on Bloomberg an hour ago, the price of oil surpassed $135.
A story I read a couple of months ago on MarketWatch stating that Goldman Sachs could foresee the possibility of oil reaching $200 a barrel in the not so distant future is beginning to seem like more of a reality than it did when I first read it.
It’s a market like this that makes it really tough for me to want to diversify my portfolio and ponder just sticking it all in USO and other oil stocks….
