gabe borenstein

Oil Won't Stay Down for Long

As the Congress delays the credit to the auto industry,the economy has not quite stabilized with most expert maintaining that we are heading for a prolong recession.If that were the case than the crude would be heading for the $25-$30 per barrel level.
In fact China just announced data on oil purchase -it virtually had collapased.
Conclusion,there still could be a significant downside to the oil prices