posted on Aug, 21 2008 @ 11:51 AM
Oil is bouncing back up today august 21st (and it is still rising). A weak dollar and tensions with Russia are the two main perps. We're up over six
dollars in one session for the moment, that's 114 to around 120, with peak just short of 122.
I've been following oil prices on a daily basis since may, because of the parrallelism of oil with the world's economy. Since the price came down
end july, all the (interviewed) experts I have seen have been predicting that oil going, and staying down. Personally, I'm betting on a dollar crash
somewere between now and mid 2009, and high oil one of the key factors for this to happen. Therefore I haven't really been agreeing with these
Opinions people ? Is this the last gasp, or the starting blocks for a new major rise ?