Quote:
Originally Posted by Imperator
 no but we are close, $4.39 today. T Boone Pickens who called this last year ( the price by 5 cents ) at this time, says $150.00 a barrel by X mas..I think he should short that. |
Without a doubt he has. From what I hear there are a lot of people out there frightened about overall inflation as we're definitely in for some severe economic changes. It's encouraging that in the late '90s US vehicle manufacturers did forecast the end of demand for big SUVs at $4/gallon. Little did they know that demand decline would be so abrupt it would ruin their used vehicle market.