United American Petroleum Corp (UAPC)

[loss_slayer]

Boone Pickens believes that oil will be back to 70 by year end.

http://www.boonepickens.com/

China surprises with 7 percent growth.

Dollar continues to be strong and I believe that means bad news for commodities. Fed itching to raise rates more bad news. Iran coming on line....bad news also. I have heard that oil can get as low as 20.00

But then if the deal with IRAN goes through that might put pressure on the dollar and that should help gold and silver and oil.

As for UAPC maybe they will get a black bottom line. But its not going to help because I think they will need another big cash infusion and where would it come from? I believe the trucking stocks are telling us that the economy is going to tank. If that turns out to be the case then its not good for oil. This could be why oil will see 20 dollars.