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."
$ 90 oil on peace in Libya ? jj
ReplyDeleteThe overall market will soar if oil heads to $90 as we move into the summer driving season in the US.
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