Re: I find this Humerous...
If Iran settles down and the hurricanes keep heading north east, and Nigeria plays nice, then oil will go to 40- 50 dollars a barrel WHERE IT SHOULD BE.
Opec is watching closely cause the last time they didnt, oil prices fell to 8 dollars a barrel.
That was a huge mistake, and some of the high prices now can be blamed on that. Low prices = no exploration for new oil. High prices = slow economy = bad. Mid prices = just right.
The media never reports this, but there are oil tankers sitting in Saudi full of oil, and nowhere to sell it.
Remember, new oil fields take 5 years to really come alive.
