Complete and utter bullshit: oil prices.... [View All]

[kalian]

http://www.financialsense.com/editorials/bronson/2004/0423.html

Look at these graphs and look what their projections are...
Long-term, they're claiming that oil might go all the way down to
10 (TEN!) bucks a barrel.
Gasoline...back to a buck a gallon. :crazy: Just plain bullshit.
Who the hell are they trying to kid here?

One: the dollar continues to tank and most likely, OPEC and gang will
start taking Euros instead of dollars for their oil.
Two: there's massive instability in the ME and there are NO SIGNS
that things will get any better anytime soon.
Three: I don't know where the hell they can get 140 (!) years of
oil cycles...considering that oil was not an important source of
energy until around 1890...until the introduction of the automobile
in the 1910's... This "cycle" is just too weird. And to be honest...
there is no visible "cycle" there on which to base any future
projections.

Either way...totally insane. :crazy: