by evilgenius » Thu 09 Oct 2008, 10:49:59
Spring is always a good time to find cheap oil. If it is in the high 80's now and we are only beginning the traditional time of price decline then we could see $60. The biggest question is will demand pick up at the end of spring like it always has or has the world changed permanently? I reckon there will be some kind of uptick at that time. We are too far out yet to know whether it will be enough to cross the level of daily production capacity, hence enough to enflame the oil markets and cause us to see new records.
When it comes down to it, the people will always shout, "Free Barabbas." They love Barabbas. He's one of them. He has the same dreams. He does what they wish they could do. That other guy is more removed, more inscrutable. He makes them think. "Crucify him."