The Oil Shortage, and Other Fairy Tales [View article]
I foresee a likely move to $150 on Crude Oil, then a major pullback (possibly around August or as the Election nears) to the $100 level, and maybe as low as $75, mostly due to speculation coming out of the market. Other factors such as Beijing Olympics and coming Presidential Election may contribute to correction. Article on seekingalpha here: seekingalpha.com/artic...
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I foresee a likely move to $150 on Crude Oil, then a major pullback (possibly around August or as the Election nears) to the $100 level, and maybe as low as $75, mostly due to speculation coming out of the market. Other factors such as Beijing Olympics and coming Presidential Election may contribute to correction. Article on seekingalpha here: seekingalpha.com/artic...
May 22 11:52 am
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