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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: 8bits who wrote (115956)12/29/2008 9:30:03 PM
From: Elroy Jetson5 Recommendations  Read Replies (1) | Respond to of 206087
 
On May 16, 2008, the Department of Energy announced it was canceling oil shipments into the Strategic Petroleum Reserve beginning in July 2008.

This marked the very peak in oil prices, and the price of oil quickly tumbled over the course of the next five months.

Just lucky, or cause and effect?

I wonder how far you could quickly run up oil prices with a double theater war combined with filling the SPR.
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