Strategic Asset Leasing Inc (fka LEAS)

[oilin07]

You are right. Everyone is down significantly. Nobody including myself expected oil to go from $150 to $48 in a matter of a few months. Which should be GOOD for the economy! I guess the question then to ask is, is oil really priced based on supply and demand because if it is then it should be priced closer to $100. Another question is how much will demand fall if the world economy continues to fall? Will demand fall enough to justify $40 a barrel?
...and if it does then that world economy must be in pretty bad shape(depression)which means that no matter what oil is priced at people will LOSE their wealth. *****High oil or Low oil its currently a lose lose game imo. Oh yeah...then theres unemployment!