Thursday, August 11, 2005

Another banner day for the George W. Bush oil bubble...

$66 a barrel, "with a bullet", as they used to say about the Billboard charts.

So what would it take to bring prices down? Short of a global recession that would significantly push demand down, analysts and traders see no end to the exceptional price rally that began nearly two years ago.

But I still think there'll be a Sept 10-11 pullback in prices.

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