2008-07-11

Oil will hit $150 soon

That's my prediction - some time in the next 3 weeks. It's $146 now so it may not be long.

2 comments:

JD Walters said...

How on earth can Israel and the U.S. be even THINKING about military action against Iran now? There's no doubt in anyone's mind what it would do to oil prices, to say nothing of actual oil supplies. What goes on in politicians' heads? I would really like to know.

Ron Lankshear said...

I can understand Israel but for USA it would remove a major supply of oil etc etc...

And CSIRO are now Peak Oilers

http://www.smh.com.au/news/national/peak-oil-petrol-to-reach-8-a-litre/2008/07/10/1215658037458.html