Thursday, May 25, 2006

Oil prices to crash?

NewsMax says that
Financial Intelligence Report says that
Saudi Oil Minister Ali al-Naimi says that
oil prices will plummet to as low as $40/barrel within the next year on reduced demand.

This is a sales pitch by NewsMax for the Financial Intelligence Report but I guess the base data is the same whether you subscribe to the report or not. That is to say, I am sure that if you subscribe to the report you are not going to be be advised that oil prices will double in the next year to $120/per barrel on increased demand.

Happy Days are here again.

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