| 03.11.2008 - Oil investments leaking badly |
| From Chicagotribune.com: Oil stocks have been slammed hard of late. A combination of lower crude prices, the credit crisis and massive liquidations of hedge fund and mutual fund portfolios are behind their downfall. Meanwhile, OPEC is scrambling to cut its crude oil production to stem what it calls "a dramatic collapse" in prices. For the consumer, prices at the pump may slip further and are unlikely to return to previous highs for a while..... Full Article: Source |