Tags: Oil.

The problem here is that this isn't some sort of wacky analyst trying to gain publicity through making a far out prediction (ala Henry Blodget and Amazon), but this is real, and it is a real problem for consuming nations such as the US and Western Europe.

 

Submitted: May 6, 2008    Views: 266    Comments: 3    Likes: 2   


View Article: http://www.ft.com/cms/s/0/70b4ef0a-1b91-11dd-9e58-0000779fd2ac.html...


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Comments Received:

Sam Cass
Sam_Cass

No, this prediction is wrong. Oil prices are being driven by speculation and falling US dollar. I believe the dollar is near its bottom and will soon start to strengthen. Once that does, the oil bubble will burst and prices will come down.

Posted: May 7, 2008

Liverpool08

yeah but a lot of people said it was impossible when certain analysts predicted $50 a barrel. A few random events and it could happen.

Posted: May 7, 2008

Sam Cass
Sam_Cass

I really believe that oil is going to drop. The fundamentals to support oil just aren't there. Demand is down, supply is up. The dollar, which helped the support the rise in oil, is going to firm up soon in my opinion and that will further put pressure on oil. I guess we'll see.

Posted: May 7, 2008



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