"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Monday, October 27, 2008

HOW LOW WILL OIL FUTURES GO?

Reliapundit was one of the very few --perhaps the only blogger who confidently predicted what we are seeing now in the oil markets:


Stay tuned, there may yet be a ways to go. (Source.)

2 comments:

Bruce Hall said...

http://hallofrecord.blogspot.com/2008/10/have-oil-prices-corrected-yet.html

One of the few, but not the only one.

Reliapundit said...

hall wrote this:

The Saudis have already set an $80 per barrel baseline... so don't look for $50 per barrel anytime soon. Rather, expect that it is more likely that $4 per gallon gas will be more common than $3 per gallon... even in the winter "off season."

Failure on the part of our politicians to act now will become a bigger crisis on our part in the future.

ADDENDUM

An interesting comment received from J. Gillman. Check out his link.

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Labels: Economy, Government

RELIAPUNDIT WAS RIGHT AND ALONE.