Originally Posted by
JetPiedmont
Well, it doubled last year, no reason why it shouldn't double this year, and again in 2009. That gets us to $400/bbl by the beginning of 2010. That ought to put crack crude for turbine fuel refinement close to $500/bbl.
Gold should be going up along with it.
Buy Gold...
You can't be serious?
I'm not a expert on the oil industry but I do have a thorough acquaintance of foreign trade and world economics.
Barring a nuclear war, we will not be seeing $300/bbl, $400/bbl or $500/bbl anytime soon and certainly not before 2010.
Oil will go down and so will gold in the next few years.
The sky is not falling.
EAHINC