$1.38

As I write this, we are one dollar and 38 cents away from $100 oil, as it hit a new high of $98.62 a while ago. Since bouncing off $89, it has at various times been war-driven, inventory-driven, USD-driven, and storm-driven. Past $97 or so, it's been looking like we are "100-driven", as all eyes focus on the magic $100 level.

(2007-11-07 18:23:27 SGT) [Energy] Permalink Comments [1]

Comments:

when the world realized that the oil prices is $100...it will be truly shock and awe...then business as usual. For awhile..at least to find out business strangely no good...cost cut into margin suddenly...then in huge debts...still believing the newspaper that forecast growth...struggle on...then suddenly out in the streets with huge credit debts...begging for jobs

Posted by simontay78 on November 07, 2007 at 06:41 PM SGT #

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