GREY:CLLZF - Post by User
Post by
Goldfingerron Dec 30, 2006 8:06pm
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Post# 11938124
Mild winter so far. Lots of oil around.
Mild winter so far. Lots of oil around.If this trend continues into spring there will be a glut of oil on the world market sending prices down in a death spiral. This downtrend could last well into spring travel season. But don't dread oil fans. The oil hungry Merknas will quickly start buying the least fuel efficent vehicles possible pushing the price to new highs in 2008. It still looks as though the business of converting asphalt to oil will remain a future dream. The millions of natural gas users can breath a sigh of relief.