User 189961

How Much Worse Can It Get For Oil?

Goldman called $100/bbl two years ago. No one factor is responsible for $122/bbl., but together they create a swell mix for speculators. We have China/India, Helicopter Ben and the Bailout Boys, political cowardice, greenie-weenie, the fat, dumb and happy American sheeple, and geopolitics-as-usual. $200/bbl? Why not? As for the eurozone, Trichet has the right idea--fight inflation first. As for China/India, America's difficulty is their opportunity. CrossingtheT, if you want to make money, buy oil futures. The famous collapse-to-$40 ain't gonna happen.