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Old 05-09-2008, 07:20 PM  
marketsmart
HOMICIDAL TROLL KILLER
 
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Join Date: Dec 2004
Location: Sunnybrook Institution for the Criminally Insane
Posts: 20,419
Quote:
Originally Posted by A1R3K View Post
I'd be willing to bet that the cost of a barrel goes to 150.00 barrel by July.

That would push the price of a gallon of gas near 5.00.

CNN http://money.cnn.com/2008/05/09/mark...ords/index.htm
push it back a few months and you might win that bet.. most insiders and i dont mean the dumbass press, say oil will hit $150 by middle of fall at the latest.. gas to $5.00 by end of year..

what sucks is that opec said last night that they have a 3 mill bpd excess, so its the speculators and the weak dollar that are driving up the prices..

a lot of experts are scratching their heads because the current situation of oil prices defies all economic models of supply and demand...
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