three sessions left...pushing 96 as I write this...my bet is on the last day of 07 or first day of 08 we see $100 on the nose crude...the market likes to do those sort of tricks...
LA TIMES has an article on gas prices and how this is the first winter that oil hasnt had a pullback in price and that means summer prices are gonna be real high...As in 4$ gas. Once it cracks 100 i think it will hit 110 fast.Looks like its just basing at 90....Scary stuff.
yeah, i get the feeling too that once we break 100 there is no going back...but maybe this will finally start turning the tide towards alternative sources of fuel...interesting and volatile times ahead no doubt.