Monday's rally in the energy stocks may be a short-term phenomenon. After all, who could have predicted a year ago that the price of oil would run to above $147 a barrel, only to turn on a dime and ultimately plummet into the low $30s?
But in the middle of the Monday rally -- which had the price of crude creeping up by more than a $1.60 a barrel to a level approaching $54 -- oilfield services No. 2 Halliburton
At the same time, with Chevron
My feeling is that the climb in oil prices -- and consequently energy stocks -- will persist for longer than most folks expect. I know, I know, demand is slipping across the globe. But I think the drop during the second half of last year was overdone.
And it's time we listened to the predictions of energy seers like ExxonMobil
So with all the new action going on in energy, we have a request for you: Take a moment to weigh in on the future of energy prices and energy stocks. Please feel free to let loose with your opinion in the comments section below.
Fool contributor David Lee Smith doesn't own shares in any of the companies mentioned above.