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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Big Dog who wrote (146674)	3/9/2011 7:16:36 AM
From: kormac	Read Replies (1) of 206350

Paddy Power predicts oil to break $200 Continued unrest in the Middle East is threatening to send fuel prices rocketing even further fuelling fears that the cost of a barrel of oil could break the $200 mark. Paddy Power today slashed their odds on a barrel of oil soaring to $200 to just 3/1 as worried punters piled on. Sharon McHugh, spokesperson for Paddy Power said: “Three years ago we saw the same gamble when there were fears oil would break $200. It never did reach $200 in 2008; instead it peaked just below $150. But this time around the odds on such an occurrence are half what they were!” Whether or not the price of oil breaks $200 will most likely depend on how things pan out politically with the world’s largest oil producer Saudi Arabia. 2011 Current Odds Break $200 3/1 Price of oil to trade greater than $200 by end of 2011 Based on Brent Crude Oil 2008 Odds Break $200 6/1 Price of oil to trade greater than $200 by end of 2008 Based on Brent Crude Oil

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