Saturday, December 26, 2009

Price of cude oil will go where? In present circumstances where ALASKA problem &LEBNAN crisis is over?

IN PRESENT CIRCUMSTANCES WHERE ALL MAJOR INTERNATIONAL PROBLEM WHICH COLD AFFECT OILPRICE ARE SOLVED .OIL PRICES WILL GO WHEREPrice of cude oil will go where? In present circumstances where ALASKA problem %26amp;LEBNAN crisis is over?
It will maybe fall back and then continue its upward spiral . Gas is cheap here compared to Norway $6.00/Canada$4.50/China $5.50/India $6.00/ africa$5.50/ and a gallon of cough syrup figures out to be $158.00 a gallon . Get used to it and chinas economy is growing and will need more oil . They are growing at a 13% clip versus the USA at a paltry 2.9 percent . They need grease , lubricants , oils , gas , diesel , etc to keep their economy growing so it will continue to go up .Price of cude oil will go where? In present circumstances where ALASKA problem %26amp;LEBNAN crisis is over?
Oil prices will go down before the upcoming mid-term elections to make the current administration look better. It has a little something to do with the Bush's ties to the royal Saudi family.
The oil companies are making more money than ever! If there isn't a war, or a natural disaster, they will create problems to limit the supply so they can keep their profits up.





As we here in the US are going in to elections the price has drooped a bit. These companies know where their bread is buttered.

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