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Monday, May 02, 2011 12:02:39 AM
http://www.reuters.com/article/2011/05/02/markets-global-idUSL3E7G205O20110502
However the death of bin Laden is hardly the end of Geo-Political conflict, and nobody should get their hopes up that the price of gasoline is going to plumment anytime soon. However, this is a step in the right direction...and while indeed humanity cannot survive on Oil forever, the demand for oil will not subside anytime very soon with respect to an investment like this, IMO.
I remember reading that a barrel could sell for $80 and BRZL still profitable...long way to go yet. Don't get your hopes up for world peace and the cessation of middle east conflict, just because bin Laden is dead now...but let's hope the trend continues.
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