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  simonsez5 months, 4 weeks ago

  Hedge funds were caught short by the Israeli comment and had to cover.

  I believe it will reverse itself Monday and continue to move downward ...

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  Cityslicker5 months, 4 weeks ago

  Here is how smart this is , Economic data shows worse unemployment rate since 1986 due to high Energy Prices .

  Makes perfect sense to raise Oil Prices , seeing Oil Companies have made record breaking profits the first quarter and all 2 years past , wonder what the profits will be this quarter ?

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  RichFatCat5 months, 4 weeks ago

  ...."dragging the Dow Jones industrials down nearly 400 points and raising the once-unthinkable prospect of $150 oil and more record gas prices by the Fourth of July...."

  Foolish to think of $150 as "once-unthinkable" since the whole idea of bidding up oil as a speculative commodity is to get it up to above $300 per barrel and continue making a killing. Much more money can be made in speculating on oil than is made by producing or refining it. Personally, I believe huge profits can be made by those with the courage to stick with it up to $350 per barrel.

  The Saudis have made it plain during Bush's visit that production is adequate and the price increase is due not to supply and demand, but as a result of a rapidly sinking dollar due to deficit spending and rampant speculation on oil as a commodity.

  Get on board, little children, get on board!

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