Thread: gas prices
View Single Post
  #6  
Old 11-24-2008, 04:05 PM
Canadian Canadian is offline
Senior Member
 
Join Date: Jun 2008
Posts: 415
Default

Don't get your hopes too high. The world economy is running on oil, and the biggest oil fields worldwide are depleting at ever increasing speed. There is simply not enough oil (at least cheap enough to produce) to go around. Soon or a later the liquidation panic gripping the markets will subside and fundamentals will take over. At this point oil will rise much higher from where it is now.
__________________
Bear with me please
Reply With Quote