Wednesday, June 4, 2008

OIL DROPS TO $122

We have seen the dot com bubble grow and burst. We have seen the housing bubble grow and burst. Has the oil bubble grown enough, is it time to burst. I sure hope so. Talking about American greed. Investors buying up oil futures and running up the price are un-American. This is hurting everything right now, plus sending an additional TRILLION dollars to the OPEC nations in profit. How much of that money will end up in the hands of terrorists? The extra income is supporting regimes in Venezuela, Iran and Russia from dealing with the west. They don't need us, they are getting our money through oil.
OK, what just happened. I started off mentioning oil and went into a tirade.

Let's hope this bubble burst too, I would like to see oil back between $40 and $75 per barrel.

Just my opinion,
Jeff Cameron

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