I don't think traders are that stupid as to bid it up that high again. Profit taking has already started. Oil's down a dollar or so from last weeks highs. Some forcasters are saying that despite the governments attempt to keep interest rates low inorder to finance the debt,the demand for investment capital will force interest rates higher this year,some say a lot higher. I believe they're right. I lived through the 70s when Nixon,Ford and Carter were printing money like it was going out of style,and it's been going on for half a dozen years again now. That's going to pull money out of commodities and put it back in conventional investments. If you think high oil prices were bad,wait til you see what the results of high interest will be instead!
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Today's Featured Article - Talk of the Town: Removin Broken Bolts - by Staff. Another great discussion from the Tool Talk Discussion Forum. The discussion started out with the following post: " How would I remove a bolt thats broken off in a piece of metal and I want to save the treads in the metal and then put in a new bolt. "
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