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syracuseo

05/05/06 3:28 PM

#899 RE: silver_bars #894

Article from Yahoo Finance title "Accross the Globe, Oil and Gas at Risk" May 5 1:01PM suggests the possibility of oil at $120 per barrel.

None other than Iranian officials ( and other experts ) predicted oil as high as $120 barrel because of unrest in Africa, the mideast, South America's nationalism, terrorism and Iran's nuclear brinkmanship.

quote " piece by piece, the global energy puzzle reveals a bleak horizon for a world frantically searching for ssecure oil and gas supplies".

Yup...I think this oil price meltdown is temporary, and, with summer vacations coming to North America, price will be heading up.

Go FPPL !