[zeugma]

the price of a barrel of oil is heading for $100

After the election, it will drop back to approximately $30 in relatively short order. This $50/bbl price is being held up by Soros and a few others. It won't last long past the election.

[oceanview]

I agree.

but if it doesn't fall back to $40, if it stays in the mid 50s or higher, there will be a recession in 2005.

[Eric in the Ozarks]

$40 maybe. In a market like this, even a freshman trader can't go wrong.

[JasonC]

The out months rarely make headlines

[papasmurf]

Well, this is as good a forum as any for my wild idea...and, please, chime in with your own, or just critique mine. :)

I propose that the Congress authorizes an award of one trillion dollars to the American(1) company that produces a clean, made man, affordable, plentiful, high performance, high efficiency fuel. My thoughts are that we will have to allow a time limited monopoly(2) to the American companies in order to get it in the supply lines and the crude based products out, taking all risks, consumer usage for a period of time (5 years?) then, release it to the world. That said, where does the money come from? A dedicated, in a lock box under the threat of the death penalty, tax? A national lottery? Sell George Soros and all the hollywierdos? Don't know. But I do know this (or think I do)...what is worse...to allow our economy to go down the tubes, allow other nations d e f a c t o control over us and our national security...or a tax that will enable us to do something about it, and go away when it's fulfilled it's purpose, also under threat of death penalty. :)


(1) Why American only? This is in the National Security interests of our country. It's not necessarily a commercial endeavor.
(2) The initial production, distribution, and use of this fuel should be, and will be, an experiment (like a beta test) we cannot encourage other Nations to utilize it until and when it proves to meet our pre-described specifications. :O) P

[RockinRight]

I predict oil under $35/bbl by the time of W's second-term Inauguration.

[7.62 x 51mm]

Soros & Co are Enemies of Mankind, and need to be whacked into permanent dirt-naps.