Yes, I will only know the short-term direction of oil if I fix my time machine.
However,
if we're patient (in 2 years or so), we should see the oil back to and
above $70 that will double the prices of many selected oil stocks. If it
stays below $50, many prices will go half (but most of the other stocks
would be up).
In either case, it cannot be all bad
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I recommended to buy oil when it was at $30 per barrel. It went down to $15 and the rest is history.
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