mangolfer

Oil: A Slippery Slope Ahead?

I would not buy oil right now if it was at $40. I have not seen any sign of a bottom forming.

Whither Oil Prices?

Demand is still dropping (world wide) even with with the price dropping. What will happen if they start jacking the price up again? It was not that long ago we were paying $1 to $1.50 per gallon at the pump. As soon as Katrina hit, they started screwing us with the supply demand BS. Think about it... Yes, oil will go up over time, but current oil prices have killed this economy!!