"History is a wonderful thing, if only it was true"
-Tolstoy

Tuesday, September 02, 2008

Looney Dunes: Interesting Prediction

Looney Dunes: Interesting Prediction:

"Interesting Prediction
I agree, just a question of timing and peak price

From June 30th:
Oil Prices: Wilbur Ross: Run-Up in Oil Prices Is a Bubble - Futures and Commodities * US * News * Story - CNBC.com:

"The dramatic rise in oil prices is a bubble, famous turnaround investor Wilbur Ross told CNBC Monday, noting that there is no apparent supply problem with crude."

At the time Spot Crude was trading near $145
This morning, post Gustav fears, it's $108

Will we see it under $100 soon?
Will this affect the Election?

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