Sunday, April 10, 2011

Flashback: Thoughts on $70 Oil

I posted this commentary back on September 28, 2010, when oil was hitting new 52-week highs at $70.  I was trying to make sense of the fast rise in oil prices.

I'm not sure if I agree with all of it now, when I look back on it, but it is interesting that I suggested oil could go higher on "perceived shortage."
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2 comments:

  1. AnonymousApril 11, 2011 at 7:10 AM

    $ 90 oil on peace in Libya ? jj

    ReplyDelete
  2. Bruce OksolApril 11, 2011 at 7:37 AM

    The overall market will soar if oil heads to $90 as we move into the summer driving season in the US.

    ReplyDelete

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