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To: kellynla

wait till china's economy implodes, gas will be less than a buck...


26 posted on 08/30/2006 6:01:34 PM PDT by frankenMonkey (new tagline under construction)
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To: frankenMonkey

China is making a concerted effort to cool their economy. If successful, that would reduce the demand for oil. In addition, our inventory is increasing and demand will slacken after Labor Day. If we could get a handle on Iran, there is an estimated $10 to $15 premium built into the price of oil that would evaporate very quickly.


35 posted on 08/30/2006 6:08:06 PM PDT by twoputt
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