robc935

Crude Inventories: Largest Weekly Build Since March 2001

To Ernie M. The national average price for gas has dropped about .35, not a dollar. Oil may very well go to $150-$200 a barrel----and probably stay there for a week as the world economy implodes. If people in India are buying the new $2500 Indian made car, what makes you think they can afford $10 a gallon gas?

0 for 4: Oil Analysts Surprised by Everything

I follow the weekly reports and the "analysts" are wrong far more often than not, frequently in the completely wrong direction. Their prediction success rate wouldn't land them a job in the weather forecasting business. And they probably get paid far more than I do.