Wikinvest Wire

WSJ poll on oil prices

Friday, October 26, 2007

With crude oil smashing through the $90 mark yesterday and showing little sign of stopping before it hits triple-digits, the Wall Street Journal launched this poll.
A few comments from the discussion section:

Roger Theriault
$200 a barrel, or its' equivalent of 10 Euro.

gwert38
Has anybody heard the conspiracy theory that oil prices are high to artificially enrich Russia so they wouldn't sell their nukes to terrorists?

In most financial scams it's a matter of "follow the money," but with rising oil prices the level of unrest has been low, as if many people welcome it. Perhaps because most unrest comes from the left and in this matter their interests are aligned. Who would have imagined oil barons and environmentalists in accord?

I've always believed in conservation and have never owned a guzzler. You don't need to drive a Prius to be light on the planet. Detroit offers several vehicles with 20+ mpg.

So the higher prices go the more power environmentalists will gain?
Where is Steve Forbes when you need him?
New York, NY October 20, 2005 /PRNewswire - Contrary to what many "experts" say… oil may well plummet to $35 a barrel in 2006, says Steve Forbes, editor and publisher of Forbes magazine.

AddThis Social Bookmark Button

1 comments:

Anonymous said...

it makes me wonder: how much does a recession in the US affect oil prices? if it does strongly impact them, that is the only way I could see oil going lower in the next year.

IMAGE

  © Blogger template Newspaper by Ourblogtemplates.com 2008

Back to TOP