 Re: Light Sweet Crude - $90.40
Thread started 13/11/07 .. maybe a bad day, to start a thread.
Oil now back below $90, after going to the moon (and costing me packets).
Wonder how the oil producers now feel ? Do we blame them ? Is, or was it the hedge fund speculators, who took control of the mkt.
Presumably, the oil revenue now to the middle east, has severely been curtailed, and the demand destruction may hurt revenues for the next few yrs. I suppose they can just leave it in the ground, and hope the electric car, doesnt take hold.
Where to from here .. dunno .. presumably it will fall to below $80, but woudnt want to bet (much) on it. |