Correction to $105 will feel like a crash

[limitdown]

Quote from silk:

I don't think Opec, the oil co's or the other national oil co's want the world economy to crumble or have the aviation industry all go bankrupt ect.

I suspect the price will start mysteriously falling for awhile from here. "THEY" will get it down now.

sure they do, and OPEC is US.

OPEC = US

OPEC = US

 

[dividend]

Here come the politicians... they're right on time of the prophecy


Congress Pursues $80 Oil With Trading Limits, Disclosure Rules

By Daniel Whitten
Enlarge Image/Details

July 23 (Bloomberg) -- Congress may outlaw elements of oil futures trading that lawmakers found distorted demand and contributed to the 69 percent surge in prices in the past year.

Quote from dividend:

There is a lot of political pressure to get the oil price down. Couple with the realization that the next President of the United States will not be as friendly with the oil sector. Gas price will mysteriously go down fast when the election season comes closer just like it did in 04.