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Are We Heading for a Correction IN oIL pRICES?
admin - May 14th, 2009Oil prices have been on the rise, but the fundamentals would suggest a drop in oil prices as oil inventories are up, while consumption has been down due to recession. The only potential factor putting upward pressure on oil prices has been the weakening dollar. Another factor could be speculation returning to the market.
So are we in for a correction in the price of oil ? The fundamentals would suggest so, but last year's run to record oil prices was quite unexpected.
So where are we heading ?
So are we in for a correction in the price of oil ? The fundamentals would suggest so, but last year's run to record oil prices was quite unexpected.
So where are we heading ?
Tags: natural gas prices
admin - May 1st, 2009Great link below to an interesting article regarding natural gas prices. I fully support the Pickens Plan which makes all the sense in the world to help us get off of foreign oil. Our dependence on foreign oil is helping fund groups out to harm the USA.
As article the points out natural gas is at a low. I just haven't noticed how low, but have noticed my checks from a few wells I have invested in have dropped signficantly with a few breaking even - I am certainly not running to mail box each month to see what my check is.
As article the points out natural gas is at a low. I just haven't noticed how low, but have noticed my checks from a few wells I have invested in have dropped signficantly with a few breaking even - I am certainly not running to mail box each month to see what my check is.
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