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To: PeaceBeWithYou
Oil futures fell over $4/barrel today. It might be time to go short.

lol. In 34 days, oil will be free at this rate!

Hint : it isn't going to get cheaper. It is a monopoly good with no real competitor.
71 posted on 06/09/2008 10:25:20 PM PDT by mysterio
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To: mysterio

“It is a monopoly good with no real competitor.”

Baloney. There are plenty of real competitors, at the right price point (silly environmental laws permitting).

Liquified coal comes to mind -— roughly at the price point now.

And who is sitting on something like 2/3 of the world’s coal? The USA and Canada.


73 posted on 06/10/2008 7:27:05 AM PDT by TheThirdRuffian (McCain is the best candidate of the Democrat party.)
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