I'm guessing the price of oil will be down to $75 within 2 weeks. [View All]

Say what you will about the abysmal mess Bush has made of the economy but you can not blame the fall in the european and asian markets on him, or his war. No, what we and they have in common with out current financial and economic woes is the cost of oil. The Golden Goose has been killed, or dam nearly killed. You've got to believe that right this moment all around the globe there are oil Ministers who are wondering in their thoughts how in hell they let the speculators in Dubai do this? There has been no interruption in supply, demand has not outpaced the ability to bring the precious juice to market, nothing but continued unregulated trading on the world's spot markets drove this price up. I expect you will see a very fast and powerful effort put in place to drive down this market and add a whole lot more stability to it than we have seen in the past few years. Those folks are not about to let the golden goose die and you can bet they have seen the light in these last two days.