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Oil Shock Prediction: $25

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Oil Shock Prediction: $25 Empty Oil Shock Prediction: $25

Post  LTRT Thu Dec 04, 2008 10:19 pm

U.S. Stocks Drop, Led by GM; Exxon Falls on $25 Crude Forecast
http://www.bloomberg.com/apps/news?pid=20601087&sid=aIUEV3pCOJeo&refer=worldwide

...a plunge in energy shares following Merrill Lynch & Co.’s prediction that oil will hit $25 a barrel.

Wouldn't bother me a bit, let's see, gas was $.70/gal when I started driving...bring it on!
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Oil Shock Prediction: $25 Empty Re: Oil Shock Prediction: $25

Post  Cincy Fan 44 Thu Dec 04, 2008 10:26 pm

Wouldn't bother me a bit either. This recent decline in oil and gas prices has been a nice little "economic stimulus" that effects just about everybody who drives in a positive way! Very Happy

I can't remember which Middle East Oil Guy said recently that oil should be (or he wants it to be) at $75/barrel. My question is this...did he feel that way this past summer when it was $140+ a barrel? Or even when it was $100/barrel? If he did, it sure wasn't publicized.
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