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Politics : Welcome to Slider's Dugout
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To: Nixpix who wrote (17001)4/21/2009 7:58:50 AM
From: SARMAN  Read Replies (1) of 50506
 
Here my two cents worth on oil and something to consider.
1) Almost half the producers need oil to be at $70 to break even or they have to start shutting down operations.
2) The US is keeping oil price down to hurt Russia and Iran. These two countries depend on higher oil prices.
3) Any geopolitical upsets in the ME
4) Russia has no problem shutting down oil supplies.
5) Although China slowed down, its economy still vibrant.

Taking all this in consideration, it tells me oil is headed up way up, it is matter of when not if.
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