Quote:
Originally Posted by IROC
OPEC has said themselves that the price/barrel is too high and that it should be around $60-$70 per barrel based on current supply and demand.
I may be crazy, but I think oil/gas prices are going to drop. Probably never to the $1.50 a gallon price range, but I bet we see gas less than $3/gallon once this crazy dust settles. The fact is that there is no logical reason for oil to be greater than $75 a barrel. This bubble will burst just like the housing bubble. It just can't be sustained indefinitely for no reason.
|
Um, people don't have to buy houses. Pardon the pun, but they kind of have us over a barrel.