CNBC: Jerry Castellini
Jerry Castellini, President/CIO at CastleArk Management talks about the Fed, housing and then oil.
"This oil move, it's ironically still in that debate phase, where people are still trying to debate where $50, or $30, or $60; the reality is the stuff has to be priced at $100 to $200 over the next 10 years to attract enough capital to keep it flowing."
"It's still way early, Mark. This is no different than the retail/consumer space in the 80's, or the tech space in the 90's. This is a 10+ year cycle. We haven't even found that price point yet where consumers will stop using it."
[Maybe soon enough we will..]
Kenneth Heebner, CGM Capital Management, highlights one of his favorite stocks, Petrobras.
CNBC: Kenneth Heebner.