T-prop
Ab Initio is the best...
- Joined
- Jan 9, 2005
- Posts
- 359
It's not Oil Companies that are the bad guys here. The weak dollar is sending prices skyrocketing. Same thing happened in the '70's. If you adjust for inflation, the 70's had the same situation. Hopefully we'll see the dollar get stronger soon (feds need to quit lowering rates), and we'll see a strong recovery. I predict by the end of '08 we'll start seeing signs of recovery. For now, just more bad news.
Trojan
Not only the dollar...
Fear and speculation have not helped either. Investors are buying a lot into oil futures as they are "safe" investments. A bubble is building.
Consumption has decreased, there is excess supply.
Analysts are saying fear and speculation have created a bubble. They say when the bubble bursts gas could drop as much as 80 cents a gallon.
Lets keep our fingers crossed.