Well I have time to make a comment about the following news...

Well I have time to make a comment about the following news story:

http://www.news.com.au/story/0,23599,22717214-1702,00.html

"The US Energy Information Administration, the statistical arm of the Department of Energy, raised its forecast for US oil prices to $79.92 per barrel from $73.50 per barrel in its previous forecast"


This is the most fabulous news ... we have it in writing that Crude Oil will remain above $US100 for the whole of 2008 ...

The only unfortunate part about the report is that the US Energy Information Administration won't tell us the truth.

You can't possibly forecast something like the price of Crude Oil down to a couple of decimal places like they have ... I think they have only stated the value like that to try and get people to believe their lies.

Perhaps they could have at least given us a range, such as $100 - $120 ... I'm sure they have some idea of what that range would really be.