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I just had to ask him .........................

I ran into the older investor that we know at the gas station of all places.....................

"Just how did you pick $45 a barrel as the bottom price?"

His answer was pretty simple:

"If you take out all the speculators and the "fairy tales" used to raise the prices $45 is about the fair price , then I arrived at that number after figuring in a reasonable profit. $45 is what oil should be selling at."

I asked him what he thought of the economic boost these low energy prices were creating. He smiled and said "Good", then said he had to run and invited us to his home for a talk. We should stop over, he's a good soul and interesting to talk to. He knows more about economic and political history that any professor.
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