tonym

Watch for Yourself: 60 Minutes Oil Story Was Spot On

see you at $20


On Jan 13 08:27 AM Bob wrote:

> I read the transcript of the 60 Minutes segment and Allen Phatimer's
> review along with all the other blogs hitting the investment blogs.
> I agree with Allen's viewpoint and he makes excellent points about
> how crude oil price speculation took on a life of its own and created
> a bubble.
>
> But "Crudomania" will not be continuing in 2009 and let's make that
> call by officially declaring: “It’s over and thank goodness for that!”
> Now crude oil prices will be allowed to float between $40 and $75
> per barrel in 2009 depending on the pace for the recovery of the
> world and U.S. economies.
>
> The natural world of supply and demand in the petroleum industry
> will once again rule along with being effected by geopolitical events.
>