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Re: o/t here we go again
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Posted by Doug in IL. on September 06, 2006 at 04:37:12 from (67.142.130.32):
In Reply to: o/t here we go again posted by husky on September 06, 2006 at 03:49:18:
Back in early June, I was talking to a relative who has been in the oil business since he got out of college 30 years ago. He told me that there is actually a lot of crude oil in inventory. He told me to look for prices at the pump to drop by at least a third sometime in the next two years. He said prices would stay in the lower range for as long as it took to eliminate the biofuels producing plants now on line, and those in the planning stages. He told me that big oil is out to eliminate the biofuels idea once and for all. And then, Big Oil would be able to raise prices at will. He may be right!
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