Quote:
Originally Posted by Evo69
Nope. I wouldnt be celebrating just yet, all it have to take is some BS rumour that US aircraft are bombing Kharg Island off Iran to send oil skyrocketing past $200/barrel. Or even worse the Iranians laying sea mines along the oil tanker routes and one of those mines hitting an oil tanker setting it ablaze... yep $200+ barrel oil right there.
Something has gone fundamentally wrong with the traditional supply and demand equation. There is no oil shortage to speak of yet oil costs has soared triple digits in percentage and price which is total BS in the worst way. I just hope some sense of normalcy returns to oil prices because its really robbing people of disposal income.
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Very interesting, and probably right. I say this guy may have the crystal ball.