Today the MSM was decrying the “fact” that oil was moving back up. I just checked my link at Comment 228, and imaging, Aug. 08 was up 50 cents, but Sept. 08 was down 97 cents. And this was after the noon news, actually the high for the day was barely noticeable. Sheesh.
The oil futures are all over the place, which means there is no trend looking forward, which means nobody has a clue.
Here is a clue:
GM and the Electric Power Research Institute will announce the tie-up next week at an event in San Jose, California, to promote rechargeable electric vehicles