http://www.nytimes.com/2008/09/11/bu...ess/11oil.html
What happened to the oil price hysteria that was going on 3-6 months ago?
What about a few years ago when the Alaska pipeline had a leak?
How about the hurricane's in the gulf that were supposed to cripple us and take fuel prices to double today's value?
All these people saying oil was going to $5.00 a gallon and even higher?
Let me state clearly that I cannot predict oil prices. But sometimes I roll my eyes at those who think they can. If anyone can accurately predict gasoline or oil prices, I'll pay you $1M a year and I'll keep the rest...because we both can be very rich, very fast.
Oil still may go up. Or, it may go down. Nobody knows. I still think it's a good idea to get of foreign oil, the recent drop should not weaken our resolve to do that. But let's avoid the "oil prices are going to be $xx soon" discussions....we're rarely correct.
Off my soapbox.
Dave