On Fri, 18 Jul 2008 18:14:40 -0400, "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.

Let's hope so, but it's going to take a while for the crack spread to
narrow and bring gas and distilltate prices down a buck or so.

Assuming that demand destruction stays in the 20% range, we will see
gas back down to $3.25 or so which is sustainable - there is about a
dollar's worth of inflationary money in a gallon of gas/distillate due
to the $145 price range. The public has woken up to the fact that we
are sending half our GDP out of the country every year, drilling will
become a fact despite the out of touch tactics of the Democratic
leadership - the public will demand it. And they are going to destroy
themselves eventually on this issue - when you have morons like
Schumer declaring that we should be encouraging the Saudi's and OPEC
to drill more to add to supply when we can't do it ourselves just
doesn't make sense.

We'll have to wait and see, but it's just like the tech bubble - a
small crack and then the monster slide.

Drill, nukes and get cracking on alternates - that should be the
national discussion at this time.