Originally Posted by
Icarus2001
We shall see, let’s revisit this in six months eh?
Yes, let’s do that. Oil, like any commodity has its price manipulated by puppet masters. Prices are decided depending on a number of agendas, so nothing surprises me. Inflated oil prices are always just a middle eastern war away, and America does have another President who is the lapdog to the military industrial complex. True demand is certainly lower at this moment than this time 18 months ago, yet prices are rising again. I only checked yesterday and I think it was $61 per barrel or thereabouts. Anyway, if it hits $100 per barrel we will have some serious issues as not many airlines can break even at $100 per barrel.