Money - Oil Back Above $125 in Volatile Trading
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Joined: Mar 19, 2008
Comments: 30
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Look at this... """But oil has again consolidated near the $125 a barrel mark, Shum noted, because the commodity is still seen as a BETTER BET THAN investors' OTHER OPTIONS.
"Oil as a class has PERFORMED BETTER THIS YEAR than equities and bonds, and CONTINUES TO ENCOURAGE INVESTORS to pile money into oil and stay in oil," Shum said. """ ******* Our high prices for oil that keeps going UP is due to the Wall Street Gang watching their computers tell them they will continue to make money if they keep those prices high, and higher, and higher! I do not see where it is all going to end. ******** I want to get off this oil cycle and commute to work with electricity from renewable sources. STOP the OIL!!! |
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AOL
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Get ready for 150.00 a barrel oil, and 5.00 a gallon gas by labor day.
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