European Tribune - Comments - Countdown to 100$ oil (9)

Countdown to 100$ oil (9) - I am taking bets | 29 comments (29 topical, editorial, 0 hidden)

Re: Countdown to 100$ oil (9) - I am taking bets (none / 0)

You can call me a crazy cock-eyed pessimist on this one..I'll stand by my throwing in with Jerome some time ago on the 100 dollars by the end of the year prediction.

And although I absolutely love to win bets I'm hoping I'll lose on this one. If not I'll take a nice chocolate liquor.

"People never do evil so throughly and happily as when they do it from moral conviction."-Blaise Pascal

by chocolate ink on Fri Aug 12th, 2005 at 03:32:44 PM EST

Re: Countdown to 100$ oil (9) - I am taking bets (none / 0)

I'd say you're not particularly cock-eyed. The problem is that there are a bunch of unpredictable things that might happen to cause significant changes in the price of oil.

If some big bloc's economy collapses, the demand for oil will go down and thus the price go down also.
If France comes to her senses and invades Iran (do I have to put a smiley here?) then the supply will be reduced and the price go up.
If there is a big terrorist panic somewhere, tourism might be reduced enough to change demand.

It's pretty unpredictable given the current global situation.

by asdf on Fri Aug 12th, 2005 at 07:08:54 PM EST
[ Parent ]

Countdown to 100$ oil (9) - I am taking bets | 29 comments (29 topical, 0 editorial, 0 hidden)

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