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Old 07-29-2008 | 06:51 AM
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Stryker
Kept down by the man
 
Joined: Dec 2007
Posts: 657
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From: 767 CA
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Tristar, I wouldnt get on the pessimism bus just yet. Demand has not really driven the price as much as you think... The whole speculation world drove up most of that price... 130+/barrel is not something the market can/will sustain, hence why fuel prices have been coming down... Major oil company CEOs stated when testifying in front of congress a few months ago that they could still turn a big profit with $38-50/barrel oil... You do the math...
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