To: djf
IMHO, oil WILL drop just like that, but not tomorrow. I don’t know when the oil bubble will burst, but when it does, I think prices will drop $50 or $60 just like that.
To: Freedom_Is_Not_Free
Why will Oil drop when demand exceeds production by 35 million barrels per day???
33 posted on
06/27/2008 10:50:54 PM PDT by
BooBoo1000
(Some times I wake up grumpy, other times I let her sleep/)
To: Freedom_Is_Not_Free
IMHO, oil WILL drop just like that
If by "drop," you mean increase in price by another $50 a barrel, then I agree with you.
When you have an essential good with no real alternatives and inelastic demand, the price is only going one direction. And it will continue as long as we stubbornly refuse to do anything about the problem.
34 posted on
06/27/2008 11:02:48 PM PDT by
mysterio
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