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Re: Lindsy Williams: "Oil to $50 a barrel, McCain to White House"
 
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Published: 11 years ago
 
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Re: Lindsy Williams: "Oil to $50 a barrel, McCain to White House"


The issue isn't finding new Oil it's too late for that. The problem is that the sweet crude oil wells are on their last legs.
What is being discovered isn't enough to replace the dead wells never mind the new market for Oil.

That said; the price IS being manipulated up to prop the USD but how that translates into prices per barrel in USD once over is another question.
Certainly knowing the banksters on Wall St anything...including a quick drop for November to 50.- is possible.

Here is a little reality for anyone that cares to actually read it:

Peak Oil: Alive and Well
http://www.sprott.com/pdf/marketsataglance/04-2008.pdf

Slipping and Sliding Down Hubbertís Peak

http://www.sprott.com/pdf/marketsataglance/04-05-2004.pdf

 

 
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