My intuition tells me oil is going to spike past $150 this week...
Oil demand is still rising faster than supply.
In fact, since the 1960s, we are burning more oil every year since 1980 than we discover and currently, we're burning five times more oil world wide than we are finding.
Ideally we should all be looking for ways to cut down or we're going to end up as toast!
You can read more news sources here:
http://intuitiveblogger.blogspot.com/2008/05/news-and-resource-links.html
West Texas Intermediate Crude Oil $/barrel
Brent Crude Oil $/barrel
Sunday, June 22, 2008
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