DEDICATED TO EXPOSING DISINFORMATION AND PROPAGANDA AND TO PROMOTING UNIVERSAL HUMAN RIGHTS - WITH SHARP ANALYSIS AND BLUNT COMMENTARY. NO ADS. NO TIP-JAR. JUST THE TRUTH.
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.)
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.
http://hallofrecord.blogspot.com/2008/10/have-oil-prices-corrected-yet.html
ReplyDeleteOne of the few, but not the only one.
hall wrote this:
ReplyDeleteThe 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.