big crash or slow demise, page-7

  1. 2,473 Posts.
    i've been doing some research on oil recently and yeah, i believe there is a lot of upwards pressure on the price.

    There's lots of interesting news on it, which indicate the price could go in either direction, lots of people who have no idea what they are talking about commenting and lots of people who do know what they are talking about commenting - and I've noticed, some of the folks who DO know what they are talking about are making ambiguous comments that really could be taken in a few different ways, or are making ambiguous iplications.

    But on balance, keeping all things in consideration, oil is still on a bull run and i believe we'll see higher highs as the year moves on.

    $200 by years end is a possibility.

    Has anyone noticed that it always spiked up in price everytime venezuela is mentioned in the news, that has happened pretty much 3 times in the last 3 weeks, that nation always seems to be on the verge of supply problems.

 
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