CL Redux

Quote from BCE:

Man I tell ya. When they want out, they want out.

Hope this means $1.25 gas in California by next week. :D
More...

Hope this means $9 gas in London next week :D
 
Quote from Visaria:

Hope this means $9 gas in London next week :D
More...
Touché :D But a man of your means isn't worried even though the Rolls and the Bentley don't get very good mileage I would imagine. How's your chauffeur doing these days? :D
 
Flynn calling for possible $3.50 a gallon in US.

http://www.marketwatch.com/story/flynn-oils-freefall-will-get-gas-down-to-350-2011-05-05

Doesn't it always seem the oil and gas industry drives the price back down just as there's serious talk of doing away with the government subsidies? I mean really, why are we subsidizing companies like Exxon who had the biggest revenues and profits in the history of business? Although I guess that's more important then lunches for poor kids or health benefits for seniors or help for the disabled (he said sarcastically).
 
http://www.reuters.com/article/2011/05/05/markets-global-idUSN0529059720110505

"I think what's happening is risk aversion across all the
asset classes. Everyone thought the U.S. was on a growth
trajectory, but now some talk out of the U.S. is showing pretty
mediocre growth," said Patrick Armstrong of Armstrong
Investment Managers in London.

"We have not been adding any commodity exposure in the
dips, but we're still positive on commodities. U.S. dollar
depreciation in future will provide a positive tail wind," he
added.
 
You must log in or register to reply here.
Back
Top