mangolfer

Roger Wiegand: Oil to Reach New Highs by Year-End

Hmmm., spoke too soon. Oil just broke $80.... Maybe I''ll wait till it breaks $50 before I stop shorting oil....

Roger Wiegand: Oil to Reach New Highs by Year-End

This guy is nuts. He has no facts to support these claims. Every other article says how demand is dropping off and supply is increasing. Furthermore, oil at $147 helped start the meltdown. Running it back up there would cause a revolution. I'm making money shorting it till below $80 and will see what the numbers show then. Wait till gas prices catch up with oil price slide and see where the demand is. If demand is still dropping, keep shorting.....