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Canuck57

"Short Wave Sportfishing" wrote in message
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On Sat, 1 Mar 2008 16:50:23 -0800 (PST),
wrote:

On Mar 1, 7:41 pm, "Canuck57" wrote:
"Short Wave Sportfishing" wrote in
messagenews:38sjs3h82ded28g7gqgm79uq7djnd2ag6e@4ax .com...

On Sat, 1 Mar 2008 14:32:58 -0800 (PST),
wrote:

Everyone says 4 dollars... I will throw my prediction in, I think we
will test 5 dollars a gallon before the end of the year.

I'll take that bet. I'll say that gas will be back at $2.34/gal by
the end of the year.

And oil will be down around $60/bl.

What do you base that on?

Fantasy what?

If I knew you, I would gave you 3:1 odds against and an $10,000 wager
you
are wrong.

Holy crap, I was just going to bet him and the loser has to answer the
drunken dougies questions for a week

For you and you only.

If oil doesn't drop to around - say plus 5/minus4 - $60 by the end of
the year, I will give you that boat I told you about a month or so
ago.

There - right out in public. :)

Good, but what is your basis of logic?

1/2 the oil harvested costs more than $60 barrel to get. So the only way it
could decrease is one of the following.

US government Fed/Congress admits the US currency isn't worth 2 pence to the
dollar and re-states the currency on a 4:1 or higher basis. Have to cover
the next expected 20% drop in the USD value.

Or all of a sudden more than 1/2 the worlds consumption is not there but the
supply chain is intact.

Neither aforementioned is likely, except the devaluation part. Bet by fall
$125 USD per barrel would be about even odds.

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