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Message from discussion Where is OIL going?
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credo...@yahoo.com  
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 More options Jul 18 2008, 12:07 pm
From: credo...@yahoo.com
Date: Fri, 18 Jul 2008 09:07:15 -0700 (PDT)
Local: Fri, Jul 18 2008 12:07 pm
Subject: Re: Where is OIL going?
Mexico just attempted to lock in long term contracts for oil at 135/
b.  Producers know oil is dropping and are attempting to lock buyers
it in at this price.  Economies can't sustain the current cost of oil,
so demand and price will drop.

There never was a supply and demand issue that caused oil to increase
in cost 40% for Americans in one year.


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