oil
Monday, June 30th, 2008if there’s one thing in this world i know something about, it’s global commodity trading..
now, keep in mind, i did not say “there is one thing in this world i know something about, and that is global commodity trading..”
i said IF..
in programming parlance, we just “fell through” the above logic..
but if i were the kind of person to allow my lack of knowledge or expertise to get in the way of my writing, i would have shut this joint down about eleven hundred posts ago..
so here we go..
oil..
oil topped out at over one hundred and forty three dollars per barrel today..
sounds a little high, huh?
i mean, that would not be a bad price if you were at wal-mart or kroger’s and you saw a big sign that read “OIL $143″ over an end-cap full of big oil barrels..
but i don’t think that’s how most barrels of oil change hands (again, i said IF)..
so yes, $143 is high..
highest ever..
but here’s what i’m here to tell you..
it’s going to come back down..
there are people out there predicting gas will be over four dollars a gallon by this time next year..
it won’t..
you know how i know this?
because there are people predicting it..
and anytime you hear the words “experts expect” you can rest assured you are about to hear a load of complete and utter bull crap..
now.. here’s my prediction..
yes i know about the preceding sentences and the sentiment they convey about predictions..
as i have been trying to tell people my whole life - that rule does not apply to me..
my prediction is this - on october 1st of this year oil will be back down under $100 per barrel..
and gas will be back to around $2.75 or $3.00
mark my words!
no seriously, take a marker and write on your computer screen right now - just put a big black line under my words..
$100
$3
that’s my prediction..
i’ll go even further and put my personal guarantee on this..
if oil is more than $100 per barrel on october first of this year, i’ll pay the difference for anyone who can show me a receipt..
offer good on first four barrels..
