WaTaGuMp
Lifer
- May 10, 2001
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Originally posted by: Capt Caveman
Originally posted by: dmcowen674
Originally posted by: buck
Originally posted by: dmcowen674
Originally posted by: JohnCU
$10/gallon gas is just around the corner
/dave
Yes it is.
I smell guano.
I smell speculators
12-11-2008 Oil rises 10 percent after OPEC calls for "severe" cut
Oil surged more than 10 percent on Thursday, settling at nearly $48 a barrel after the OPEC president called for more "severe" production cuts and the dollar fell to a seven-week low versus the euro.
"We are starting to see the real engine for lifting oil prices, cuts in OPEC production, and it seems likely they will cut production at their meeting next week," said Tim Evans, energy analyst for Citi Futures Perspective.
The U.S. dollar weakened after data on weekly U.S. jobless claims came in worse than expected [ID:nN11392744]. A weak dollar can boost investor demand for oil and other dollar-denominated commodities.
How much you want to bet that gas won't hit $10/gallon?
I want in on this also. Or maybe it will after our 7.0 earthquake hits?