Pool on the day it first hits $100/barrel?
Can you believe this? $70 a barrel!! I get a shock every time I go to the gas station and fill up.
So much for the "No war for Oil" crowd. Funny how we haven't heard much from them lately, huh?
Sorry for the above post, that should have gone to the guy suggesting that $70 a barrel wasn't too far off.
$100/barrel is still a 2-3 years into the future, unless something of cataclysmic proportions takes place in the ME, like nukes being exploded in Israel by al Qaida, as is foreseen by some in the intelligence field.
I'm game.
If disruptive terrorist/sabotage attacks take place against the oil fields of Saudi Arabia, we could be looking at well over $100 in total panic buying. OPEC's "nuclear" Iran is another wild card in the making.
Those suckers who laughed when crude had reversed back to $30ish during the Fall of 2003, and I repeatedly stated she was heading to over $50, I bet with every fill up they are crying, not laughing.
I'm game. February 3, 2006
November 3rd at 9:51am EST, what do I win?