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How High Can Crude Oil Fly?

agree!!! EXCELLENT post! i see GS is again saying $90 crude by End of Year, you have T. Boone Pickens, Richard Rainwater and John Arnold of Centaurus all hugely successful investors long crude (with occasiional short forays) you have T. Boone saying (in WSJ) its unlikely we'll see Oil below $50 with the exception of occasional short spikes and Rainwater quoted in Fortune (to paraphrase) "whatever you do get long domestic crude" the Oil Drum which is run by respected scientists has real document eveidence of saudi oil field depletion---energy is where its at and where its going to be at---just wait until the retail investing public figures it out and wants in on it! -- Patrick Kerr OilGasFutures.com

High Gas Prices: Look No Further Than The Person In The Mirror

So True! the sad fact is the world is consuming over 30 billion barrels of crude per year and we're coming nowhere near replacing it, and of course the U.S. is the largest consumer by far, as china and india continue to grow explosively the alternatives are going to become more and more critical, unfortunately its going to be a long time for any of the alternatives to make a large enough impact to really affect the overall picture, but its full speed ahead---with or without the french!