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FatalWishes
Administrator
Posts: 5589
Registered: 6/24/2004
Location: Fort Worth Texas
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Points: 104381
Mood: Aging Cynic
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Conflicting stories about oil prices
'Squawk Box' Guest Warns of $12-15-a-Gallon Gas
http://www.businessandmedia....les/2008/20080521145247.aspx
Oil's perfect storm may blow over
http://www.telegraph.co.uk/m...oney/2008/05/22/ccoil122.xml
Two stories....one predicts 200.00 for a barrel of oil, th the other says it going to roll over and go down.
What do you think??
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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Indy
Super Administrator
Posts: 4190
Registered: 6/24/2004
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Points: 80690
Mood: Resident Skeptic
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No chance it goes south. Unless the current spike above $60 was the greatest fraud ever played out we'll never see cheap gas again. Unless something seriously changes with China then $200 oil will be a reality.
I think oil companies are as dishonest as any other fortune 500 company. I think they'd bulldoze a nursing home if they thought they could profit. But as dishonest as I think they are I don't think they have what it would take to pull off a fraud on this scale. I think this is a crisis in the making for many years and we were just to lazy and selfish to do something about it when we could. We gambled and lost. This problem is not correctable. Oil will never be an affordable energy source again.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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posted on 5/22/2008 at 07:02
