SlumTodd_Millionaire
Most Hated Member
Crude oil trading at $68 right now (12 noon). Yeah, speculators had nothing to do with that oil price run-up.
So, how come aviation gas and jetA are still over $5/gallon?!? And how come my flight school hasnt lowered their hourly rate of $122?!?! Whine, whine, whine.....hmmmm wine!
Crude oil trading at $68 right now (12 noon). Yeah, speculators had nothing to do with that oil price run-up.
I can't remember who it was, but someone said that oil would be $70 a barrel by Christmas and people laughed at him like there was no tomorrow. Would he please stand up and take a bow?
In case you haven't noticed, the economy is in a free fall as well, decreasing demand dramatically.
Oil prices have fallen by more than half, and you want to attribute this to a decrease in demand? Are you kidding me? There was never a demand justification for the run-up in the first place. Energy experts have been consistent in this from day one: the demand-justified value of a barrel of oil is around $60.
Didn't you say way earlier in the year that oil would be back to $70/barrel by the end of the year and got ridiculed for it? I think somebody even put your quote in their signature