Merger Mania

Oil Will Peak at $150-200 - Barron's Interview

I was wondering if it's a good time to buy the USO ETF?? I sometimes wonder if the train has already left the station, but then oil still keeps going higher. I am afraid if I buy into the oil boom, then the next day there's a huge correction in the price of oil. That's my luck. There's really no fundamental reason for oil to keep going higher. It's a bunch of speculators and analysts behind the rise in the price of oil. I know this because last week oil corrected to $122 a barrel, and then all of a sudden Goldman Sachs analysts predicted in the same week oil would spike to $150. Guess what? Oil spikes $10 to $138 That's evidence that the price of oil is being highly manipulated. That's really some voodoo economics at play. Expect an oil glut soon, and precipitous decline in the price of oil. We saw this happen back in the 1980's, and we will see it again soon.