Wednesday, September 03, 2008

Oil Prices Falling

Not surprising to me, as the dollar is rising, the price of oil is falling. All of those ridiculous predictions that we were going to see $200/barrel oil because demand is so high are turning out the be flat out wrong.

There is no demand problem, the problem is mostly tied to market manipulation and the falling dollar. Take those out and oil should be at $70-$80/barrel.

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