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Gold/Mining/Energy : Peak Oil - Not If but When
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To: veritas501 who wrote (72)1/1/2011 1:19:25 PM
From: Drygulch Dan of 129
 
Gasoline prices seem to be moving higher. I am guessing we will see $5.00 a gallon become the new normal, especially on the West Coast. Perhaps this will be a sign of the concept of Peak Oil sinking in ? Or not ?

I could see Exxon stock continuing its inching upwards toward $75 a share and possibly pushing above this level and heading towards $80 a share. At $75 - $76 there should be some overhead resistance and again at $80. One never knows about these things but I think its worth the gamble.
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