The Middle East is stabilizing again and oil prices dropped for most of last week. Oil dropped below $70 per barrel for almost five whole minutes; then it jumped to $71.
Corn supplies are forecast to be "beyond good" so Ethanol producers are in a great position to keep E85 flowing.
Many people are saying oil prices will continue drop into next year. China is slowing.... Yeah Yeah Yeah!! $25 oil is making a comeback.
Well, TheGreenGuy thinks oil is going up again and sooner and than anyone knows right now! It should stay up for a while and then drop back to some level under $65.
The United States needs to stay focused on alternative energy and fuel sources. Even if you do not think oil is peaking, having a backup makes a lot of sense. It's smart, strategic and should be better for the environment.
Let me know what you think!
TheGreenGuy
Posts
No comments:
Post a Comment