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Petróleo Brasileiro S.A. - Petrobra Message Board

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  • phoenix773 phoenix773 Nov 7, 2008 9:31 AM Flag

    Above $30.00 now, 55% from 52 week low last week. -:)

    "and you don't think oil will go back to 100? I bet it does by Spring. All we need is another middle east crisis.'


    You fail to understand that demand is falling off like a rock. And China and India cannot make up for that loss of demand.

    A better bet is you may as well short unleaded gasoline as that appears to be heading to under a buck a gallon.

    Ahhhh 1980 gas prices..muscle cars. $30.00 oil. Deflation is good for some people

 
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