To: cgk
Price of oil will skyrocket, though, right?
8 posted on
02/27/2007 12:05:56 PM PST by
mysterio
To: mysterio
I think the world markets are anticipating a US strike on Iran soon, and the temporary disruption in oil flows that such a strike will birng.
To: mysterio
Nope. The oil & gas sector is down today also 4.10% as of 3:13 pm est.
59 posted on
02/27/2007 12:14:21 PM PST by
gpapa
(Boost FR Traffic! Make FR your home page!)
To: mysterio
"Price of oil will skyrocket, though, right?"
It's pretty high right now. The "fundamental" trading price of oil is around $58.
(Fundamental is the price, if the market for energy was truly flexible, which it isn't in the short term, but is in the long term.)
94 posted on
02/27/2007 12:19:46 PM PST by
MeanWestTexan
(Kol Hakavod Lezahal)
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