Sunday, July 04, 2010

High Oil Prices on Deck?

$100 oil around the corner?


The common sentiment is that we are well on our way to a double-dip recession if not there already. So where would the demand for crude come?

What if the economy is doing the exact opposite of what the experts are telling us? Is that such a far-fetched notion? Did those experts warn of the stock or housing bubbles?

No. They didn't see it coming.

The link points to the reduction of supplies via off shore drilling, too.

***

At the local Indian casino tonight. Extremely crowded. Maybe things arent as bad as the news headlines. Just saying.

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