my future son inlaw said to me back in july that you would see
oil below $100 by labor day and down to around 35-45 by fall. He is an
oil trader- once the (gangsters) pushed the price as high as they could, they dropped out of the market and the price fell. It had nothing to do with supply or demand. He feels now you will see a slow rise rise to maybe 50-60 by summer. They, the traders make money whether the price go up or down- if it does not move they make nothing, so its in there interest to keep it moving one way or another.
joeg (Smokingcobra)