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Oil will first go down next 12 months. It will eventually go up, but that will depend on how fast SA will collapse. It may take several years.

Why am I saying this ? We are about to enter a very sharp recession. Have you noticed that some big companies worldwide started issuing profit warning last week ? (Lexmark, Aker Yards, but also some in Paper, in Aluminum, strange in a time of record commodities price, huh ? not to mention home improvement & construction companies in the US an UK ...)

"demand on debt steroids" is about to shut off real quick when the rates go up.

And we now stand at one hedge fund bankruptcy every week (200 m$ caliber). TSHTF pretty soon.

http://www.romandie.com/infos/news2/200707061532000AWPCH.asp
http://www.latimes.com/business/investing/la-fi-wrap6.2jul06,1,3993332.story?coll=la-headlines-busin ess-invest

Pierre

by Pierre on Mon Jul 9th, 2007 at 11:50:29 AM EST
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