Posted by rrlund on February 23, 2011 at 16:39:38 from (207.241.137.116):
In Reply to: Re: OT Gas Prices posted by 36 coupe on February 23, 2011 at 16:28:13:
Yea,I'm reminded of that every time the fuel man drives in,but I'm not up for a panic just because the talking heads on the local news are using the same EXPERTS who were SURE we'd see $200 a barrel oil in 2008. Didn't take long to come down to $39 did it? The traders who are driving it up have money in a whole lot more than oil and they know the world economy is too weak to take much of this. They lost their backsides in the last crash and aren't about to do THAT again. They know too,that commodities don't have to go UP to make money trading them. Those guys are the EXPERTS that I want to listen to,and I don't see any of them getting too worked up. When I see Gary Wilhelmi break a sweat,I'll start to worry.
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