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by sofakingdabest from Cleveland

Last Post 8 hours Ago


The Price of Oil
May 22, 2008 | 9:00 AM
Category: News
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I saw on CBS news last night on one factor that is driving up the price of oil. Mutual funds, hedge funds, private foundations and anyone with millions of dollars are buying oil. They are buying oil as an investment. It's a feeding frenzy. However, as we've seen the past, at some point in time in the future we will see the "Oil Bubble" burst. Although the forecast for the next 2 years: oil will reach $200/bbl and gas will be $7/gal. Ouch!
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Member Comments Total Comments: 3
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sofakingdabest read my blog view my photos
May 22, 2008 | 10:17 AM

More bad news folks. Today's front page of the Wall Street Journal has an article about the oil supply for the next 20 years. There will not be enough supply to meet the demand. The price of oil will "Rise Up". So get your vaseline and bend over. Oh, and drink heavily.
Kalayna read my blog
May 22, 2008 | 3:25 PM

I think I need to just sell the car!
dprin339 read my blog view my photos
May 22, 2008 | 5:33 PM

sofaking, yes this is all part of the big picture........

we need to start drilling our own oil on our own soil.................and develop hydrogen cars
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sofakingdabest

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Member Since: 2/13/2007


 

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