Quote:
| Originally Posted by Codger ....it seems that the short hit at 100.00 is purely speculative. Anyway, demand will decrease, supply will increase or the price will simply go to wherever it needs to be until things balance out.
It was a one shot trade just so that the trader could have bragging rights as to being the first person to pay a hundred bucks a bbl.
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So does that mean we should treat it as just another little unconsequential blip, and nothing too serious, as does the majority of this Washington crowd that continues to drink the same kool-aid??
We have the gathering of the 'perfect storm' with big energy price increases, housing market failure, lost of manufacturing, and the coming lost of a great portion of creative IT. We need to get some different kool-aid to drink.