03-23-2011, 01:01 PM
Probably a really good bet.
It will be interesting to see how Libya ends.
Also Japan is an impact here because they had refineries destroyed, or at least put out of action. Companies like Exon are trying to figure out how to deliver refined fuel to Japan instead of just the the oil.
Also the speculators / large retirement funds that proped up Oil when it peaked in 2008 havent even begun to create false market prices yet.
I would not be surprised to see $150 plus oil this year.
It will be interesting to see how Libya ends.
Also Japan is an impact here because they had refineries destroyed, or at least put out of action. Companies like Exon are trying to figure out how to deliver refined fuel to Japan instead of just the the oil.
Also the speculators / large retirement funds that proped up Oil when it peaked in 2008 havent even begun to create false market prices yet.
I would not be surprised to see $150 plus oil this year.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
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"If you want to change the world, be that change."
--Gandhi