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Oil futures - A question for our Ausie from Perth(and others).
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[quote:Anonymous Coward 1945:MV8yMjYxNTBfNDE3NTczMV9COTM1QTA1QQ==] I've been watching the oil prices, they seem to up up up then drop a little and level off for a week or so, then resume their climb. They reached $75 last week and dropped to $73+ I think we can expect an upward trend for this or next week. Anyways spring and fall are the seasons of least consumption, yet hitting records. Big oil knows damn well they have us over a barrell...pun intended. [/quote]
Original Message
You've had some good insights in between on things, but I'm looking a bit ahead again right now. Right now oil prices are up, folks in the US are bitchin about the gas prices. But it seems that everybody already forgot what happened back in Jan/Feb this year.
I've said often that if there is going to be a crisis, Europe and the UK will get hit the hardest first. We saw a taste of this in the begining of this year already.
My question is, if these trends continue, who do you really think is going to be effected the worst, especially as it carries into next winter?
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