Thread: gas prices
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Old 12-03-2008, 03:04 PM
investor investor is offline
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Quote:
Originally Posted by Canadian View Post
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.
Yes the price of oil now is too good to be true. Enjoy it while it lasts because these are the times when we will see the gas under $1 per litre. I personally enjoy it

cheers
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