Originally Posted by
TurboDog
Ok, I need to step away from the computer! $100.00 per barrel? Who is he kidding? He makes it sound so easy. "If we could just get the price to Pop." When his planes start flying on something other than Jet A, the price of the barrel might come down. We need to find ways to use less and be less dependant on oil.
I don't want to imply that it will be easy to see $100 oil. Still it was only about four months ago that oil was less than $100. In February, oil was $85. If interest rates are raised a small amount and the Treasury and G8 countries act to strengthen the dollar, oil will go down since it is globally priced in dollars. When is the question though. 2020!?