Friday, July 18, 2008

See, I Told You So: Oil Price Drops

This story cited some experts who said if this keeps up, that the barrel price of oil next January, not jet fuel here, the barrel price of oil would be $90 next January. I'm wondering, "How come this news hasn't made it beyond the Bloomberg wire?" Because every time there's a story about some sheik or some analyst or some liberal Democrat somewhere predicting that the oil price is going to hit $150 or $200, it's plastered all over the place. But here's some people speculating that the barrel price might come down to $90 by January because of all this restricted usage.

Me: I was wondering what would happen if investor's realized that people were getting serious about conserving fuel.

No comments:

Post a Comment

Feel free to leave a comment. If you make a rude or vulgar comment (determined by me) the comment will be deleted.