Replies to post #22877 on Short Term Trading Member Forum

[chris3403]

mxmo while what you say is true we are below last year's prices!!!!!
day before katrina hit new orleans gasoline in my area was $2.42 they jumped it that night to the yearly high at $3.06 for my area and held it there for two weeks before it started falling off.
Today in my area it is $2.27 thats a hell of a drop.
jmo
chris

[uncle_chubbie]

oil shouldn't go much lower than 65 ST. The next worry will be about OPEC cutting production, Uncle Buck's still pretty low.Long term maybe 55, its only worth 45 but thers a 20-25 terrorism premium on it. When oil finally does head South I don't think evrybody will enjoy that very much. (JMHO) CHUBBIE