Why Crude Oil Is Good Value
Jul 2nd, 2008 | By Mike Burnick | Category: Oil Investment & Alternative EnergyEditor’s Note: Crude oil prices are still above $140 a barrel, and King Abdullah of Saudi Arabia has told us all to get used to high prices. But Mike Burnick — senior analyst at The Sovereign Society — says the black goo is ‘pretty cheap.’ When you compare it to other products consumed heavily by Americans, oil actually seems pretty good value.