SPDR S&P 500 (SPY): farooq..According to T Boone Pickins we...

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Re: farooq post# 55344

Monday, 07/14/2008 2:11:29 PM

Monday, July 14, 2008 2:11:29 PM

farooq..According to T Boone Pickins we have a short fall every day of 2 millions bbls of oil..Just in a month that would be 60 mil bbls//So it seems to me it is a supply/demand situation..Also I don't think the refineries can keep up with demand either..At least the Gov't is letting the market determine the price of oil..not what they are trying to do in the markets..

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