http://www.calgaryherald.com/busines...

Peter Grandich's commentary on oil fills me with optimism as well:

Oil - I continue to believe the $35 -$40 area is where new positions should be taken. The sharp rally to previous key support at $50 was all but certain to fail. Since my suggestion to go long oil is for a 3-5 year outlook, I’m not going to suggest to most to trade this market. Saudi Arabia’s announcement of further cuts makes me feel OPEC is very serious and these cuts should begin to show up in the next 4-8 weeks. Yes, we can go to the low 30s but that would IMHO just speed up the shrinkage in supply. Remember, this position is for the next few years, not days or weeks.

http://grandich.agoracom.com/categor...