$500 Oil

[billfred]

This is a must read for EVERYONE. This guy is not crack pot. He knows as much about the business as anyone. Really read it.

Oh - he is a lifelong Republican voteing for Oboma because he said McCain is Energy illiterate.

Recent drop in crude is an illusion - oil is going to $500. - Sep. 22, 2008

 

[ortiz34]

you also said said in June gas would be over $5 per gallon

please stop

 

[billfred]

I am not saying oil will go to $500 - just saying everyone should read this.

The price of oil drops $30 bbls and all of the sudden, energy prices don't seem to be a concern any more.

 

[ponyfitness]

you also said said in June gas would be over $5 per gallon

please stop

Our gas is $5 a gallon now and our dollar is almost the same as yours. It peaked at about $5.60 recently.

 

[fistfullofsteel]

by logic it's only going to get worse because the demand is growing and supply is decreasing. eventually it will all dry up. when is the shit really going to hit the fan?

 

[billfred]

by logic it's only going to get worse because the demand is growing and supply is decreasing. eventually it will all dry up. when is the shit really going to hit the fan?

And by shit hitting the fan, he is predicting wars being fought for oil, like they are not already.

 

[juiceddreadlocks]

didn't he write all the lifeaftertheoilcrash.net stuff

 

[billfred]

No he wrote "Twighlight in the Desert". It is about the Saudi fields declining in production.

 

[Razorguns]

It's almost $5 in Canada and they're still alive. Back to the drawing board!

r

 

[ponyfitness]

It's almost $5 in Canada and they're still alive. Back to the drawing board!

r

When I was in Europe over the summer it was over $8 a gallon.