The great oil bubble has burst

FatalWishes - 8/9/2008 at 12:19

http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/08/08/do0801.xml

I said somewhere on here I thought it was heading to 100.00. It may go as low as 90. I'd use that time to dump your SUV lol.

I still think in the future we will be heading towards 200.00 oil. Just a matter of time.

Now is a great time to buy a truck or Tahoe.

DanG - 8/9/2008 at 13:19

all true FW - a last best chance to sell your guzzler...

Aerology - 8/10/2008 at 03:39

The price of crude is down ~25% from the peak price,
the price at the pumps is down ~10% from peak,
and we are supposed to be happy about that!

that means profits in the middle are still ~15% higher..