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Canuck57[_3_] Canuck57[_3_] is offline
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First recorded activity by BoatBanter: Jun 2008
Posts: 195
Default Oil Bubble Burst?


"RPS" wrote in message
. ..
JimH wrote:
On Jul 18, 6:14 pm, "Eisboch" wrote:
Too early to tell for sure, but ShortWave's prediction may be coming
true.
He had the month right too ..... July.

Hope the trend holds up. Good for everybody.

Eisboch


I was thinking the same thing.

Perhaps the days of $4/gallon gas are soon to be a bad memory.


Oil prices will fluctuate, and will probably drop below $4/gallon short
term. But you can say you heard it here first, for the foreseeable
future, it will continue to trend upwards, substantially more than
$4/gallon.


I would have to agree. The dip in prices only puts May pricing into end of
July futures. That is just a short term correction in pricing, will not
last. I would expect it to stay at $125 to $130 for a month before rising
again.