In a previous blog entry, about a month and a half ago, I commented on how oil will not reach 100 USD per barrel. I posed the argument that to reach a doubling of the oil price would require the price to reach 160USD, which would have devasted the economies of the world. Now oil is dropping and some have commented that the price of oil will jump back up next year. I am skeptical that oil will jump up again, and I will share with you why I think oil or gas will have hard time edging back up again.
Continue Reading 8 comments Wednesday, Sep. 27, 2006
by Christian
