Wednesday, July 23, 2008
the pigs trough is empty, time to find another commodity to rape
Oil prices have risen to record levels in recent weeks, with traders in London and New York paying more than $147 a barrel for crude oil at its peak on 11 July........................this article claims that the recent falls are just a "correction" and that demand for oil is still high in China. I don't buy it. Oil is on its way down.. and just wait until the north Alaskan oilfields start to produce.. now lets see this "correction" cascade down to the petrol pumps.