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$78 WTI, and they'll be crowing about how it's still way short of adjusted prices in the early 80s, so everything's fine as can be.

I've no doubt prices will hit $100 in the medium term, but this will play itself out over a slightly longer timescale than half a year. This is the slow thumbscrew, and it's got many excruciating turns left 'til we hear the crunch of bone.

Bitsofnews.com Giving you the latest bits.

by Alexander G Rubio (alexander.rubio@gmail.com) on Thu Aug 11th, 2005 at 07:26:56 PM EST

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