I think that's true, too. I would not dare buy petro products on the commodities market now. This really smells like a super top to me. There is no taking into account right now how prices like this will lessen demand - and it will, though perhaps not in the US and perhaps not immediately, but it will happen. I noticed that the commodities markets contracts for the Dec07 are lower than Dec06... and that the '08, '09, '10, and '11 are about a buck a barrel lower each year. Smart long-term commodities traders are not anticipating runaway demand and increasing prices...
163 posted on
09/07/2005 3:07:46 PM PDT by
AFPhys
((.Praying for President Bush, our troops, their families, and all my American neighbors..))
166 posted on
09/07/2005 3:24:43 PM PDT by
AFPhys
((.Praying for President Bush, our troops, their families, and all my American neighbors..))