Posted on 03/11/2011 5:08:08 AM PST by Perdogg
West Texas Light Oil
Brent Crude
Dear Reader saved us all !!!
Well, I guess that means it will jump up another 15 cents a gallon around here today. Every day I drive down the hill here at my house, and the station down on the highway has jumped it again. If I do not leave the house one day and come by a couple of days later, then the danged thing has jumped 20, 30 or 40 cents a gallon from the last time I saw it.
Must be on news by Obama adminstration that Gadhafi is staying.
I wonder how much the earthquake shutting down Japan has affected this.
Around where I live , it went up only 4 cents a gallon in two weeks.
Must have some shorts lined up to be cashed in. We’ll see how this trend develops, or if it reverses.
This is good news. Keep falling. It should be around 50 bucks a barrel at most.
The speculators are probably mulling over if the next QEIII money injection is coming (or not) to keep pumping up the commodities.
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