Oil Hits $97 on Bombs, Demand Prediction

[crgarcia]

http://biz.yahoo.com/ap/071106/oil_prices.html?.v=25
http://money.cnn.com/2007/11/06/markets/oil_record/index.htm?cnn=yes

Add to this the fact that some volcanoes are about to erupt in Indonesia:
http://news.yahoo.com/s/nm/20071106/sc_nm/indonesia_volcano_scientists_dc_2
http://edition.cnn.com/2007/WORLD/asiapcf/11/02/indonesia.volcano.ap/index.html

 

[stock_trad3r]

Much more upside on oil
time 2 buy oil and gold

 

[frank grimes]

where were you at least 50% ago? saying oil and gold were "crappy" investments. typical retail investor. nice foresight little guy.

 

[PAPA ROACH]

Quote from stock_trad3r:

Much more upside on oil
time 2 buy oil and gold

 

[ShoeshineBoy]

Quote from crgarcia:

http://biz.yahoo.com/ap/071106/oil_prices.html?.v=25
http://money.cnn.com/2007/11/06/markets/oil_record/index.htm?cnn=yes

Add to this the fact that some volcanoes are about to erupt in Indonesia:
http://news.yahoo.com/s/nm/20071106/sc_nm/indonesia_volcano_scientists_dc_2
http://edition.cnn.com/2007/WORLD/asiapcf/11/02/indonesia.volcano.ap/index.html

The amazing thing is that the Yemeni pipeline only carried 155,000 barrels/day and Afghanistan has almost no oil. In other words, it's a fear-based market where even the slightest perturbation causes the big boys to pull the trigger.

This, in my very layman's opinion, will make it very hard for oil to ever settle for long in the 60's that everyone is hoping for.