"Wool production, Cactus? You guys have sheep here?" I asked.
"Ha ha ha. Now that's funny!" Cactus said. "OOOL production, Steve. No 'W.' Or as you say, 'OY-EL.'"
West Texas is only a short plane ride from Florida. But as I found out firsthand, it feels like a different world.
Yesterday, I explained what I learned when I visited my friend Cactus last month. I wanted to see the worst energy bust of our lifetimes firsthand. And I left Texas as bullish as I've ever been on an investment idea.
That's because major booms tend to happen after dramatic busts. And that's where we are in the energy market right now.