Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post - OPEC can't and won't replace supply if Iran is attacked.

EarnedStripes44 · 07-14-2008, 03:37 PM

The oil wont be much cheaper even when it starts flowing out Iraq. Relatively inelastic demand and a weak dollar will ensure a gallon of gas stays well above 3.50 for the short term. Once they raise interests rates on the Euro, were going to see another run up in price on a barrel of oil. Does not look like there will be much in way of relief anytime soon.

07-14-2008, 03:37 PM	#36
EarnedStripes44 Registered User Join Date: Jun 2007 Location: North Cambridge, MA Posts: 1,358	The oil wont be much cheaper even when it starts flowing out Iraq. Relatively inelastic demand and a weak dollar will ensure a gallon of gas stays well above 3.50 for the short term. Once they raise interests rates on the Euro, were going to see another run up in price on a barrel of oil. Does not look like there will be much in way of relief anytime soon.