Good Monday Morning everyone!!!! ugh!
Not a shread of news this morning so far...no upgrades...no downgrades...no nothing...oil a little softer in electronic trading so far. It couldn't be more August!
The NY TIMES SUNDAY MAGAZINE feature piece yesterday is a doomsday story on oil (a sign of a top????). Doesn't paint a very rosy picture for what is about to happen....Hope you have lots of sweaters and sheep to provide wool to keep you warm. Of course that oil (and gas) passes through the pipelines of the companies we invest in so the increase distributions will more than offset...maybe fur instead of wool!
On the other hand there is the other side of the argument and insta pundit links to freakonomics and his blog about what is wrong with the times piece.
Also check these related links here and here and here.
And if you're really in the reading mode....check the energy blog.
Certainly these pieces will spark disagreement amongst us in MLP land but we need to be aware of all sides of this equation.
Comments welcomed on this...
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