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From: BenjaminH...@gmail.com
Date: Fri, 18 Jul 2008 08:36:45 -0700 (PDT)
Local: Fri, Jul 18 2008 11:36 am
Subject: Re: Where is OIL going?
I have to say I doubt it'll hit 200 by year's end. It has climbed to
130-140s now based on increased demand from India/Russia/China but has fallen off a bit right now due to decreased demand in the States. Even if the lower barrel prices are eventually reflected at the pump, it's not like American demand is going to do a quick 180 and jump. So I while I wouldn't be surprised to see oil climb into the 150 or even 170 range by years end on a weak dollar, I highly doubt it'll climb up to or over 200. Remember traditionally the summer months are the most demanding for US consumption and we're about half way through that time already. You must Sign in before you can post messages.
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