dont worry, you will see it again
all the investment in securing new supplies just came to a screetching halt
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I think we'll see $200/B before we see $25/B again.
I won't bet a cent on it, though.
If oil drops to $25/B it means that either: 1) The dollar becomes stupendously overvalued. 2) Oil demand nearly dries up completely. 3) The magic fungus that makes oil is commercialized and so efficient that it's cheaper to make it that way than get it from the ground and refine it. http://www.newscient...l-production.html 4) Something else. I don't think any of those first 3 things are going to happen any time soon. I expect some pretty massive stimulus pretty soon - enough to keep China and much of the rest of the world going at a reasonable clip while the US works it way through the aftermath of the housing and "Default Swaps" bubble. Cheers, Scott. |
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I'd take REAL good odds on #4
Loki is running the world.
The ascending astrological sign is the rubber chicken. |