Quote:
Originally Posted by Swimmer
 Exxon is shoving it  !!!!!!!!!!!
Bassturbed said we were in for a downswing because of oversupply. This is the first time that I know Bassturb was wrong.  |
um, that's not necessarily what i said.
oil did briefly go down to $49 bbl on supply concerns ... but then rallied back up when the really cold winter weather hit.
if you've been watching OPEC lately, they have been cutting back production because they want to see crude in a trading range of $55-$65 /bbl.
anyways, gas prices always tick up before the summer driving season, because that's when gasoline demand peaks.
this uptick is being exacerbated by the #^&#^&#^&#^&heads in Iran.