MiccyNarc
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http://money.cnn.com/2008/05/21/markets/oil_eia/index.htm
$133. Not too much longer and we'll hit $140. I can't bring this up enough, peak oil is becoming a huge issue much faster than anyone had thought.
Oil price futures, which are usually very optimistic, and still are, set long term prices to be high:
http://www.contrarianprofits.com/ar...t-13950-as-investors-see-peak-oil-coming/2331
And no, this isn't big oil being greedy:
http://money.cnn.com/2008/05/21/news/economy/oil_hearing/index.htm?cnn=yes
$133. Not too much longer and we'll hit $140. I can't bring this up enough, peak oil is becoming a huge issue much faster than anyone had thought.
Oil price futures, which are usually very optimistic, and still are, set long term prices to be high:
http://www.contrarianprofits.com/ar...t-13950-as-investors-see-peak-oil-coming/2331
And no, this isn't big oil being greedy:
http://money.cnn.com/2008/05/21/news/economy/oil_hearing/index.htm?cnn=yes
http://articles.moneycentral.msn.com/Investing/JubaksJournal/IsExxonMobilsFutureRunningDry.aspx"The fundamental laws of supply and demand are at work," said Hofmeister. The market is squeezed by exporting nations managing demand for their own interest and other nations subsidizing prices to encourage economic growth, he said.